i'm not at colgan...

haha......kinda funny that i keep hearing that pcl bought our q400's. They sure as hell didn't pay enough for our operation, they aren't making enough flying for NW or they wouldn't have to go to bk court to get back pay for work they did. The q400 is going to buy pcl those shiny new jets they want.

Does Colgan own any of their Saabs, or are they leased?

colgan own a saab? hahahhaha Wells Fargo my friend, Wells Fargo

colgan owns more than half of them, I think 29 of the saabs. The rest are leased. I'm not sure about the 1900's. We also own a lot of the routes we fly for us airways, and some of the gates at various airports. Makes you wonder how th 20 mil came into play. There's more to this deal than has been made public. We will find out when they have to file the public SEC filing after the deal closed.

I believe some of the leased ones are owned by pinnacle as well. If you recall PNCL did have saabs before the -200's showed up. *As I understand it*- some were sold, some were "leased" to mesaba to operate, and some where parked- later "leased" to colgan and a few to someone else. The number I heard was 10 saabs. My source on this was a Mx guy that had evidently been around since the jetstream/saab days. He told me all this as he was pulling numerous breakers on the "reset jet" and telling me how he likes how these are soo easy sometimes, and other times are a major headache compared to the props. I dunno if any of it is true- but I am curious to find out.

Yes this is true, something is up, should be interesting indeed

Not to mention, Colgan is no $20 million company. The deal should have been more like $200-300 million

You're joking, right?

Did you see how much AirTran offered for Midwest?

Good point, but CJC has near 50 airplanes...

Are you telling me those airplanes alone are worth less than $450,000/each? Not to mention, the buildings, hangars, route structure and name.

There is something that we aren't hearing about...this just doesn't add up.