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If SKYW does buy, these are fire sale prices, better now when investors would be willing to part at 3 bucks a share. BTW, I think it would be good for the pilot group if SKYW bought them, not so good if Hayman and associates takes over in a hostile bid. Many pilots would lose their jobs in that scenario.
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Originally Posted by RightSeatDude
(Post 337905)
Not only that, but our XRs would give SkyWest some capabilities they don't have right now. And most of our branded planes are XRs.
Don't forget that XJT has a good product and SKW would probably ink a long term deal for you guys with CAL if it ever happened. This is all hypothetical and probably will never happen, but just remember that worst things could happen. |
Just out of curiosity, and I mean this as a legitimate question and not flamebait, if management came to you XJTers and said they need you guys to take a pay cut or fly 70 seaters for your current rates just to stay afloat, what would you say?
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Originally Posted by full reverse
(Post 337907)
If SKYW does buy, these are fire sale prices, better now when investors would be willing to part at 3 bucks a share. BTW, I think it would be good for the pilot group if SKYW bought them, not so good if Hayman and associates takes over in a hostile bid. Many pilots would lose their jobs in that scenario.
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Originally Posted by SharkAir
(Post 337910)
Just out of curiosity, and I mean this as a legitimate question and not flamebait, if management came to you XJTers and said they need you guys to take a pay cut or fly 70 seaters for your current rates just to stay afloat, what would you say?
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Originally Posted by JetJock16
(Post 337912)
True, could you imagine what would happen if Orenstein got his hands on XJT, but rest assured that that won't happen seeing MAG can't even afford to operate much less buy anyone.
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I personally hope everything works out for the best and we remain independant but I don't think it would be the worst thing if SKW bought us.
As far as taking pay cuts etc., I would undoubtedly vote "No" at this point. Maybe a different tune 6,12, or 18 months from now. And even then, I'd still be leaning to "No." But that's purely hypothetical. |
Originally Posted by Bloodhound
(Post 337935)
I personally hope everything works out for the best and we remain independant but I don't think it would be the worst thing if SKW bought us.
As far as taking pay cuts etc., I would undoubtedly vote "No" at this point. Maybe a different tune 6,12, or 18 months from now. And even then, I'd still be leaning to "No." But that's purely hypothetical. |
You're right, if we were bought by SKW, I wouldn't expect any pay cuts. But if we didn't have any suitors and the current trends continue, it's always a possibility. Let me say, though, that I do not expect that from our mgmt. except as an absolute last resort.
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Originally Posted by Deez340
(Post 337934)
I have it on good authority that SkyWest is actively looking at purchasing either MAG, XJT, or both. No, I'm not kidding. Stay tuned and good luck to all.
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