QIguy24 From , joined Dec 1969, posts, RR: Reply 7, posted (9 years 5 months 1 week 2 days 19 hours ago) and read 1238 times:
It's still even more thatn I thougth. I didn't think it was that bad I must admit. I have always had a feeling that the LCC's had some glory days. But that only shows that the Majors are breathing them in their necks.
Psa53 From United States of America, joined Aug 2003, 3033 posts, RR: 4 Reply 8, posted (9 years 5 months 1 week 2 days 17 hours ago) and read 1183 times:
Yeah,the shares have been beaten up big time.
But if they have the capital,and that is a huge question,
going private, gives you much more power as a operator.
But if you don't have the capital,then you are very restricted
for expansion in every sector of the industry.
WhiteHatter From , joined Dec 1969, posts, RR: Reply 10, posted (9 years 5 months 1 week 2 days 17 hours ago) and read 1163 times:
Stelios has the financing for the deal.
He also has considerable personal wealth, including the Stelmar tanker business which (it is reported) he has been made a very good offer for.
The shares were depressed in the fallout from things such as 9/11, and haven't recovered properly due to profit warnings and falling passenger numbers. However Easyjet is still making money, and the costs of fleet reorganisation have been an issue which won't stay around forever.
Psa53 From United States of America, joined Aug 2003, 3033 posts, RR: 4 Reply 11, posted (9 years 5 months 1 week 2 days 17 hours ago) and read 1160 times:
In a follow-up-
When speaking in California,in the
70's and 80's,I was hoping PSA and
AirCal,would go private.Merger Mania
was starting to take effect.Since they
held good traffic,and good modern fleets,
they both might avoid the mergers and just wait it out.
This seems what is now happening in Europe
aviation,and possible start of merger-mania.