Originally Posted by Jefferson (Post 2661461)

Could... But the OO DL and AA flying would have to go away first.

Originally Posted by calmwinds (Post 2661452)

“Sell us Xjet or we will cancel all our CPA’s with SKW/Xjet and transfer them to others.” is one possibility of forcing a sell. An empty 121 Certificate (Xjet’s Certificate) is worth a lot less without a pilot base.

When Xjet started winding down its operations for American, I figured the Xjet deal was already done with United and there are a series of steps that SGU must go through. If the CRJ200’s and 175’s happen, there is a definition change of attitude in SGU and something had to make that happen.

Originally Posted by Melit (Post 2661470)

and keep Alaska?

Originally Posted by Melit (Post 2661471)

Come on now. Who could possibly absorb all that lift?

Originally Posted by amcnd (Post 2661498)

Inc owns 20 (maybe 30?) gates in ATL... i bet DL would love to get control of that assest... but OO doesn’t want to be bought... the town of SGU would loose 3/4 of there jobs..

Originally Posted by Jefferson (Post 2661461)

Could... But the OO DL and AA flying would have to go away first.

Originally Posted by calmwinds (Post 2661555)

And, Alaska flying..... I think SKW would lose UA flying before giving up all the other flying they do. And, I doubt they have to give up the CRJ flying even if the United pilot’s union has their way.

Originally Posted by calmwinds (Post 2661555)

And, Alaska flying..... I think SKW would lose UA flying before giving up all the other flying they do. And, I doubt they have to give up the CRJ flying even if the United pilot’s union has their way.

Originally Posted by Jefferson (Post 2661473)

Dear God, they fly for Alaska too?

Originally Posted by amcnd (Post 2661583)

They just signed a contract extension with United....

Originally Posted by Jefferson (Post 2661479)

I said that about ASA DL flying once.

Originally Posted by amcnd (Post 2661498)

Inc owns 20 (maybe 30?) gates in ATL... i bet DL would love to get control of that assest... but OO doesn’t want to be bought... the town of SGU would loose 3/4 of there jobs..

Originally Posted by Melit (Post 2661762)

Delta didn't want to buy ASA they sold them and INC. wound them down...Big difference.

Originally Posted by PhantomHawk (Post 2662296)

Melit is a SkyWest pilot who trolls XJT forums. Don’t dignify it with a response.[/QUOT

Negative. Good guess tho.

Originally Posted by Melit (Post 2662318)

Ok...maybe not a pilot. Definitely SkyWest.

Originally Posted by PhantomHawk (Post 2662335)

Definite troll

Originally Posted by Jefferson (Post 2662337)

You must be a millennial. Adults don't use the word troll... and no I'm not OO either.

Originally Posted by Melit (Post 2661762)

Delta didn't want to buy ASA they sold them and INC. wound them down...Big difference.

Originally Posted by Melit (Post 2662354)

Millennials were born 1981-1996, so they are between 22 and 37 years old.

Off topic, but accurate.

Originally Posted by 701EV (Post 2662495)

Melit, do you know the history of ASA? I think not.

Thats right Delta bought ASA for 1.1 billion dollars in 1999. So I guess Delta did not want to buy ASA.

Skywest was forced to buy ASA for 300 million. If Delta filed bankruptcy they would pay another 100 million which they did.

Delta needed cash for bankruptcy.

Learn your history. Check your facts. Stop posting until you do, it makes you look foolish..

701EV

Originally Posted by Melit (Post 2662949)

Oh I know the history ASA. I remember tail # 701EV was a piece of 💩

Originally Posted by 701EV (Post 2662495)

Delta needed cash for bankruptcy.

Learn your history. Check your facts. Stop posting until you do, it makes you look foolish..

701EV

Originally Posted by gatorhater (Post 2663329)

If Delta needed cash they would have reduced their asking price for ComAir. What Delta needed was protection of Mecca, and the C/D gate leases in ATL which, at the time, were held be ASA. Get ASA out of the Delta umbrella and the bankruptcy court can’t touch those gates. Delta saw CVG as expendable and kept ComAir as a place for accountants to put massive losses on the books, sound familiar?

Originally Posted by amcnd (Post 2661498)

Inc owns 20 (maybe 30?) gates in ATL... i bet DL would love to get control of that assest... but OO doesn’t want to be bought... the town of SGU would loose 3/4 of there jobs..

Originally Posted by Grumpyaviator (Post 2665116)

I don’t think inc controls those gates any longer.

Originally Posted by gatorhater (Post 2663938)

No I don’t remember. However, you don’t ‘need cash’ to file bankruptcy. What you need is cash on hand to operate while going through the process. If that cash is not available the judge gets to sell your assets to create that cash and satisfy obligations to creditors. $400m is a lot of money for you and I, but not that much when it comes to operating expenses of the 3rd largest, at the time, airline in the world.

One of the largest, and easily moved assets was the lease on the C/D gates in ATL. Southwest and others had been trying to get into ATL for years. AirTran wanted to expand in ATL. The city was a creditor and could have easily gotten more $$ than ASA was paying for another airline to get their foot in the door. New or expanded airline would then be primed to make a direct run at Delta on their home turf. One way to guard against that was by protecting the C/D gates from the bankruptcy court.

By contrast very little of CVG traffic was by CVG locals. It was a connecting point (like MEM post merger) and therefore could be worked around and Delta would be just fine without it. They used ComAir as a place to hide losses, just like Inc. used ASA.



If they needed cash they would also have sold ComAir for $400m but it was frequently mentioned Delta’s ask was $1b for the exact same thing as ASA. The airlines were roughly the same size and composition, the major difference was the ATL gates.

Originally Posted by amcnd (Post 2665205)

“Don’t think”??? Yes they do...

Originally Posted by 701EV (Post 2666701)

amend, is that documented for public information? We keep hearing that skywest already sold the gates back to delta. Then we hear no, the gates are in play.

701EV

Originally Posted by 701EV (Post 2666699)

Delta needed the cash for the law firm that did the bankruptcy. That money was put into a account, like an escrow. I forget the legal term. The money is there so the law firm gets paid regardless of what happens to Delta. So if Delta doesn't survive and has to be liquidated the law firm is not waiting for the judge to pay the lawyers. The lawyers get their money first. That is what my sources told me back in 05.

701EV

Originally Posted by gatorhater (Post 2667182)

I’m sure $400m helps in some way, I doubt the law firm got all of that. Some went to sr mgmt retention, some went to lawyers, some may have gone to AirServe and Gate Gourmet, who knows. My point is there are several ways Delta could come up with the money and only one option allowed them to protect 25% of their gate space in ATL. My argument is that was the driving decision as to which asset to sell to get the $$.

Originally Posted by gatorhater (Post 2667555)

The AA schedule right?😉

Sorry for my contribution to the thread wandering.