Well Comair emerged from bancruptcy (sp?) now what?

Did anyone listen to the presidents message it included this statement: "no matter who ownes us"

should be interesting

 

We celbrated emergence day by showing up to the airport and the flight had cancelled. So back to hotel for yet another overnight in EWR... I did miss out on the free Subway and such

 

Please, anyone but Mesa.

Not that we didn't already know the sale was coming, that quote about seals the deal.

 

Uhoh... and I was holding out for Comair too...

 

In the news today.

Change is in the air as Delta Air Lines exits bankruptcy

The Associated Press

ATLANTADelta Air Lines has undergone a major face-lift during more than a year and a half in bankruptcy, but other changes are on the way as the nation's No. 3 carrier exits Chapter 11 today.
Among other things, Delta has set aside $10 million for a rebranding effort, its chief bankruptcy lawyer, Marshall Huebner, said in court recently. Executives have also said that after Delta exits bankruptcy, it will consider shedding Comair, a subsidiary that provides regional service.
Outgoing Chief Executive Officer Gerald Grinstein said last week that he did not expect any "immediate action" on Erlanger, Ky.-based Comair since Delta has a new board.
But Doug Abbey, a partner in the Washington, D.C.-based aviation consulting firm The Velocity Group, said he expects Delta to make a decision on Comair fairly quickly.
Delta's board will also be looking to replace Grinstein, 74, who has said he plans to step down once his successor is appointed.
Spokeswoman Betsy Talton said "additional investments in Delta's image will be unveiled" at a news conference at its Atlanta headquarters a few hours after the airline exits bankruptcy protection.

 

.......Grinstein, 74, said in an interview during Monday's bankruptcy exit celebration at Delta's headquarters that he expects choosing a successor for him to be the priority for the board. He said he thinks the board, which consists of seven new members, will spend May getting acquainted with the candidates and then make a decision.

As for Comair, which also emerged from bankruptcy Monday, senior Delta executives said there has been no timetable set on making a decision of whether to shed it. Some analysts have suggested Delta will sell Comair and sell it quickly.

Chief Operating Officer James Whitehurst said "it's not a foregone conclusion" that Comair will be sold.

The airline said in bankruptcy filings that its new plan has achieved $3 billion in annual "financial improvements." Starting with the second quarter of 2005, that includes a reduction of jobs from 53,000 to 47,000 and a decline in aircraft from 522 to 440 as well as terminating pilots' pensions and enacting other cost-cutting measures.

Delta executives enthusiastically promoted the emergence from bankruptcy Monday after forging a $2.5 billion repayment plan of loans that enabled it to operate during bankruptcy protection.

They sent employees with winning passes on a flight around Atlanta on Monday in an aircraft painted in Delta's new colors.

In addition to the new paint job that will be phased in for its airliners, the carrier revealed plans to improve its Web site and airport kiosks.

Delta's prebankruptcy shares are worthless, but Delta's issue of 400 million new shares of stock, expected to take place Thursday with a Wall Street ceremony, is predicted to create an initial public offering ranging from $23.50 a share to $30 a share. That would result in a valuation of $9.4 billion to $12 billion.

 

Little birdie in JFK tells me that Mesa (Freedom) is the likely buyer. Should be interesting.

 

God forbid, but I'm sure there's at least one person who wouldn't be able to help themselves from spreading that rumor, whether it be true or not.

 

I've got absolutely no inside information on this at all, but it seems far fetched at a minimum.

Mesa is shipping RJs to China.

Comair has an industry leading contract, and a pilot group which has demonstrated a willingness to strike to obtain it.

Mesa has contract negotiations in the near future.


No, all the omens point away from Mesa buying Comair. Republic is a different story... And Skywest might covet another piece of Delta's ops, seeing how tasty ASA was.


Just spreading a different set of rumors.

 

Mesa does not have the cash they once had. Look at the balance sheet for them and you will see that they have spent a very large chunk of their cash. Most likely starting up Go and the China operation.

Sadly, RAH has the money. I hope that does not happen. Comair needs to be a separate company.