Skywest tries to buy Expressjet....Rejected
04-25-2008, 06:38 AM
#11
Banned
Joined APC: Jan 2006
Position: A-320
Posts: 6,929
Originally Posted by Bloodhound
I honestly don't know what our total assets are. I do know that there is $220M cash in the bank... as of recurrent training two weeks ago. Beyond that, I don't know.
As for SKW management, I don't think it was a "nice try" at anything. I think it is smart to try to get a good deal on a good company, i.e. employee group. I don't know what our actual worth is or what our stock should be valued at, higher or lower, and I honestly don't give a crap. I also don't think it would be a bad thing if SKW was to purchase us because it would add stability. A purchase would not be my first choice of events to happen but it wouldn't really upset me.
As for SKW management, I don't think it was a "nice try" at anything. I think it is smart to try to get a good deal on a good company, i.e. employee group. I don't know what our actual worth is or what our stock should be valued at, higher or lower, and I honestly don't give a crap. I also don't think it would be a bad thing if SKW was to purchase us because it would add stability. A purchase would not be my first choice of events to happen but it wouldn't really upset me.
Last edited by JoeyMeatballs; 04-25-2008 at 07:06 AM.
04-25-2008, 06:42 AM
#12
Gets Weekends Off
Joined APC: Jul 2006
Position: XJT CA
Posts: 528
Originally Posted by tpersuit
Gladly help you out.
It's called a SEC filing. Check out XJT's 2007 SEC review. It states in there we have $500 million in assets which doesn't include contracts or leases since those aren't assets.
It's called a SEC filing. Check out XJT's 2007 SEC review. It states in there we have $500 million in assets which doesn't include contracts or leases since those aren't assets.
Back to the discussion...
04-25-2008, 06:43 AM
#15
Gets Weekends Off
Joined APC: Jul 2006
Position: XJT CA
Posts: 528
Originally Posted by SAABaroowski
I agree, but branded would be one of the first things to go (my educated guess), which would include oh I dunno 400 Pilots?
04-25-2008, 06:45 AM
#16
Banned
Joined APC: May 2007
Posts: 698
Originally Posted by Bloodhound
While you make a valid point, try make them without snide comments - i.e. "It's called..."
Back to the discussion...
Back to the discussion...
I researched our companies position in a fair amount of detail since I've been here and plenty of guys give me crap when I state positive information about it and say I am drinking the kool-aid. I just state that our company is pretty well off, but people think I'm full of it. What do you expect?
04-25-2008, 06:50 AM
#17
Gets Weekends Off
Joined APC: Jan 2008
Posts: 210
Careful about the "It wouldn't be a bad thing if SkyWest bought us" attitude. Ask a few ASA guys how it continues to work out for them. Here is a hint: even though few folks are hiring right now, ASA pilots are still finding ways to leave the company.
Good luck guys. Stay independent. You'll be happier.
Good luck guys. Stay independent. You'll be happier.
04-25-2008, 08:49 AM
#20
Gets Weekends Off
Joined APC: Mar 2006
Position: EMB 145 FO
Posts: 425
Who knows maybe this would be the best thing for out pilot group [XJT]. If we lost any additional flying it very well might be game over for us and the Jims. The idea of a buyout but makes me very nervous, but let's be honest, would it put any of us out of a job. It's way to early to speculate what will happen WHEN SKYW buys us, but I have alot of faith in our MEC, and our pilot group. It should just work out fine, taking us out of the competitive field, and letting the other regionals fight it out. Were not in a great place right now boys, lets accept reality. I just WISH mgmg. at XJT would start talking, instead of keeping their "mums the word" attitude.
On a lighter note maybe this is just the push Mesa needs to go bye bye!
On a lighter note maybe this is just the push Mesa needs to go bye bye!
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