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Old 02-16-2024 | 04:37 PM
  #121  
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Originally Posted by Flyby1206
Agreed this buys some breathing room for a year. Just watch for other activists possibly getting involved but overall this is a decent deal.

I feel like it is less likely to become TWA 2.0 and more likely to shrink so we can be packaged up for a merger with AS in another few years.
Curious why we would need to shrink for that to happen?
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Old 02-16-2024 | 05:12 PM
  #122  
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Two board seats! Get ready for a war.
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Old 02-16-2024 | 05:56 PM
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Originally Posted by gottagetout
Curious why we would need to shrink for that to happen?
Remove as much overlap with AS from LAX to make things easier for the regulators. Rumors are we will cut everything that isn’t a LAX transcon.
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Old 02-17-2024 | 05:51 AM
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So coming from someone high up the foodchain, apparently the main objective for Icahn getting involved is discussing what to do with the 3.6B should the NK merger terminate. It was mentioned Joanna is doing well so far and is looking for big money investors. They are currently talking about 330s and Cargo(I know, I'll believe it when I see it too).

Also said not to focus on the TWA thing. (especially since they ensure they capped him at 15% incase he has a change of heart). No one was kicked off the board, they only increase the board count to now 13, as y'all saw in the news.

I'm just the messenger.
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Old 02-17-2024 | 05:52 AM
  #125  
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Originally Posted by Bgood
So coming from someone high up the foodchain, apparently the main objective for Icahn getting involved is discussing what to do with the 3.6B should the NK merger terminate. It was mentioned Joanna is doing well so far and is looking for big money investors. They are currently talking about 330s and Cargo(I know, I'll believe it when I see it too).

Also said not to focus on the TWA thing. (especially since they ensure they capped him at 15% incase he has a change of heart). No one was kicked off the board, they only increase the board count to now 13, as y'all saw in the news.

I'm just the messenger.
Interdasting… explains why the urge to end the agreement ASAP. Also this would be “capital deployment” like Icahn intends
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Old 02-17-2024 | 06:01 AM
  #126  
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Originally Posted by Flyby1206
Remove as much overlap with AS from LAX to make things easier for the regulators. Rumors are we will cut everything that isn’t a LAX transcon.
Many of us would appreciate it if people didn't just throw around wild ass rumors without any substantiation. If you heard it from a friend in managment, that's one thing, but if some knucklehead told you in the cockpit... come on.

Originally Posted by Bgood
So coming from someone high up the foodchain, apparently the main objective for Icahn getting involved is discussing what to do with the 3.6B should the NK merger terminate. It was mentioned Joanna is doing well so far and is looking for big money investors. They are currently talking about 330s and Cargo(I know, I'll believe it when I see it too).

Also said not to focus on the TWA thing. (especially since they ensure they capped him at 15% incase he has a change of heart). No one was kicked off the board, they only increase the board count to now 13, as y'all saw in the news.

I'm just the messenger.
Like this, at least Bgood pretends to have a source. Question: Isn't the 3.6bn financed specifically for the NK purchase? Wouldn't the bank(s) have to re-evaluate the loan in order to fund something else?
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Old 02-17-2024 | 06:06 AM
  #127  
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Originally Posted by Bgood
So coming from someone high up the foodchain, apparently the main objective for Icahn getting involved is discussing what to do with the 3.6B should the NK merger terminate. It was mentioned Joanna is doing well so far and is looking for big money investors. They are currently talking about 330s and Cargo(I know, I'll believe it when I see it too).

Also said not to focus on the TWA thing. (especially since they ensure they capped him at 15% incase he has a change of heart). No one was kicked off the board, they only increase the board count to now 13, as y'all saw in the news.

I'm just the messenger.
the only problem with that is the 3.6 billion isn't just sitting in our accounts waiting to go. It was contingent on closing the merger.
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Old 02-17-2024 | 06:09 AM
  #128  
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Originally Posted by Bgood
So coming from someone high up the foodchain, apparently the main objective for Icahn getting involved is discussing what to do with the 3.6B should the NK merger terminate. It was mentioned Joanna is doing well so far and is looking for big money investors. They are currently talking about 330s and Cargo(I know, I'll believe it when I see it too).

Also said not to focus on the TWA thing. (especially since they ensure they capped him at 15% incase he has a change of heart). No one was kicked off the board, they only increase the board count to now 13, as y'all saw in the news.

I'm just the messenger.
Thanks for sharing! It’s hard NOT to focus on TWA. After all, we all take pride in our careers and who we work for. So any external source that may threaten that is the reason we are/were concerned about Icahn. Thanks for the info!
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Old 02-17-2024 | 08:12 AM
  #129  
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Originally Posted by GrayFlyer
Many of us would appreciate it if people didn't just throw around wild ass rumors without any substantiation. If you heard it from a friend in managment, that's one thing, but if some knucklehead told you in the cockpit... come on.



Like this, at least Bgood pretends to have a source. Question: Isn't the 3.6bn financed specifically for the NK purchase? Wouldn't the bank(s) have to re-evaluate the loan in order to fund something else?
I can't speak more on this since I dont know what the intricate details are in the agreement with the 3.6B and Goldman Sachs. But I would assume they can renegotiate what it can be used for instead of a merger. If the merger fails then Goldman can either keep their money or renegotiate with us on different terms. Maybe end up borrowing not quite as much, if we won't need as much for what we want to do. Like any other loan.
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Old 02-17-2024 | 08:13 AM
  #130  
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Originally Posted by RiddleEagle18
the only problem with that is the 3.6 billion isn't just sitting in our accounts waiting to go. It was contingent on closing the merger.
True, it's not sitting there but renegotiation with Goldman Sachs can happen.
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