Who's Buying Sun Country?
06-19-2018, 05:45 AM
#81
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Joined APC: Feb 2006
Position: B-737NG preferably in first class with a glass of champagne and caviar
Posts: 5,903
Originally Posted by rickair7777
Might be easier and certainly quicker to buy a functioning certificate rather than try to add a fleet type, buy planes, hire crews. That last might have been the kicker... where you going to hire a bunch of people experienced on 737's? SWA?
06-19-2018, 06:34 AM
#82
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Joined APC: Feb 2011
Posts: 83
Hardly worth contributing to this necro-post, but Sun Country was just purchased by the country's largest private equity firm. They have a five-year plan to grow it and sell either in an IPO or an acqusition. It's highly doubtful a sale to Omni just three months after the sale was completed is part of their plan to make a profit on their investment.
06-19-2018, 12:08 PM
#83
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Joined APC: Jun 2015
Position: Left
Posts: 1,807
Originally Posted by Pull and Rotate
Hardly worth contributing to this necro-post, but Sun Country was just purchased by the country's largest private equity firm. They have a five-year plan to grow it and sell either in an IPO or an acqusition. It's highly doubtful a sale to Omni just three months after the sale was completed is part of their plan to make a profit on their investment.
06-20-2018, 08:24 AM
#84
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Joined APC: Mar 2007
Position: Capt
Posts: 3,215
Quote:
Originally Posted by 4runner View Post
I met some Acmi guys in Miami and word is omni is buying sun country or Miami Air. They said they want a narrow body operation for government contracts, not freight. Possibly ICE and DOD.
It'd be cheaper to just buy narrow bodies... I have a hard time believing this one.
On another thread, Omni pilots said Omni made an offer for Miami Air, which was rejected.
Originally Posted by 4runner View Post
I met some Acmi guys in Miami and word is omni is buying sun country or Miami Air. They said they want a narrow body operation for government contracts, not freight. Possibly ICE and DOD.
It'd be cheaper to just buy narrow bodies... I have a hard time believing this one.
Originally Posted by PiperPower
It'd be cheaper to just buy narrow bodies... I have a hard time believing this one.
06-20-2018, 10:03 PM
#85
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Joined APC: Aug 2015
Position: Captain
Posts: 1,559
Originally Posted by rickair7777
Might be easier and certainly quicker to buy a functioning certificate rather than try to add a fleet type, buy planes, hire crews. That last might have been the kicker... where you going to hire a bunch of people experienced on 737's? SWA?
Also Boeing and Airbus are turning out narrow-bodies at an unprecedented rate, so that implies delivery positions would be pretty far to the right. Market might be tight for used new-ish jets (ie not classics).
Also Boeing and Airbus are turning out narrow-bodies at an unprecedented rate, so that implies delivery positions would be pretty far to the right. Market might be tight for used new-ish jets (ie not classics).
Stick with your employer SkyWest
When you make it to bigger frames and or airlines then come back
06-21-2018, 07:26 AM
#86
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Joined APC: Jun 2007
Posts: 317
Originally Posted by rickair7777
Might be easier and certainly quicker to buy a functioning certificate rather than try to add a fleet type, buy planes, hire crews. That last might have been the kicker... where you going to hire a bunch of people experienced on 737's? SWA?
Also Boeing and Airbus are turning out narrow-bodies at an unprecedented rate, so that implies delivery positions would be pretty far to the right. Market might be tight for used new-ish jets (ie not classics).
Also Boeing and Airbus are turning out narrow-bodies at an unprecedented rate, so that implies delivery positions would be pretty far to the right. Market might be tight for used new-ish jets (ie not classics).
But I think the biggest reason was stated by Pull and Rotate. SY was JUST sold to an investment group. I don't think their plan was a mere 3 month investment.
06-22-2018, 10:50 AM
#88
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Joined APC: Oct 2005
Position: Trying not to crash
Posts: 1,260
Originally Posted by Sniper66
Stick with your employer SkyWest
When you make it to bigger frames and or airlines then come back
When you make it to bigger frames and or airlines then come back
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