Looks like a major shareholder is pushing for a sale/merger. Would AirTran or Frontier be interested? I can't see JetBlue or Southwest, and no one else has any cash for such a venture.
Tockeyhockey From United States of America, joined Feb 2005, 932 posts, RR: 0 Reply 1, posted (8 years 2 months 4 weeks 1 day 18 hours ago) and read 1453 times:
dude, you've got to put excerpts from the article in your post. i'm too lazy to click on a link.
JetBlueAtJFK From United States of America, joined Jan 2005, 1687 posts, RR: 4 Reply 2, posted (8 years 2 months 4 weeks 1 day 18 hours ago) and read 1422 times:
"In a letter Friday to FLYi Chairman Kerry Skeen, East Texas Capital Partners LLC urged the executive to hire a financial adviser to help sell the fledgling Dulles, Va.-based company...
...it is [our] desire that you quickly find a merger partner that can assist you in better utilizing the assets you manage and maximizing the return for your shareholders...
...East Texas Capital said regional carriers, such as SkyWest (SKYW: news, chart, profile) or Republic Airways (RJET: news, chart, profile) , might be interested in buying FLYi..."
That is the main parts but the other parts you still might want to catch up on.
I think Skywest would be a good airline to buy Independence.
DAYflyer From United States of America, joined Sep 2004, 3807 posts, RR: 4 Reply 3, posted (8 years 2 months 4 weeks 1 day 18 hours ago) and read 1379 times:
Airtran? No way. Headed in a different direction altogether. Although anything is possible I guess if the price is right.
Qwerty From United States of America, joined Mar 2001, 377 posts, RR: 0 Reply 4, posted (8 years 2 months 4 weeks 1 day 18 hours ago) and read 1369 times:
If you guy(al)s follow this company, you know there are a couple of hedge funds and private investment vehicles who own a large chunks of the stock.
ALL HAVE BEEN telling Skeen different things to do. Some of them I agree with, some I do not. Because Indy is public, this is the way it should work. But Indy has no requrement, but to act like they are listening.
OzarkD9S From United States of America, joined Oct 2001, 4682 posts, RR: 23 Reply 5, posted (8 years 2 months 4 weeks 1 day 18 hours ago) and read 1365 times:
I agree AirTran is a longshot...and Frontier is too cautious to be interested. But the temptation of an instant presence at IAD might be hard to pass up. Especially with UA on the ropes and the rollercoaster ride at US over at DCA.
Flyibaby From United States of America, joined Aug 2004, 1015 posts, RR: 6 Reply 6, posted (8 years 2 months 4 weeks 1 day 18 hours ago) and read 1342 times:
Qwerty
I have heard the same rumors about the hedgefunds and such but when I pull the SEC reports, I don't show who in particular owns them. Would you happen to know? If you want, you can email me here with the info if you don't want to post. Thanks.
Qwerty From United States of America, joined Mar 2001, 377 posts, RR: 0 Reply 7, posted (8 years 2 months 4 weeks 1 day 18 hours ago) and read 1341 times:
The problem with anyone buying Indy is the problem of the CRJs. You'd end up with planes that even Indy doesn't want. Why would Airtran want them. Frontier might be interested in the 12 Airbuses (by summer), but Indy has more than 70 CRJs today.
It would seem to make more sense that someone foreign, who wants the Air Certificate, to be the buyer. Not FRNT or AAI. 2nd place makes sense is one of the regionals like Skywest, Cha..., etc.
Quickmover From United States of America, joined Mar 2004, 2464 posts, RR: 0 Reply 9, posted (8 years 2 months 4 weeks 1 day 18 hours ago) and read 1319 times:
What exactly would you get in a merger? Most carriers are now going away from the 50 seaters to 70 seaters or larger because of economics. I think most of the fleet is leased and the rates probably are not the best. An all Boeing operator wouldn't want the 319s that are probably leased too. IAD would probably be the crown jewel, but I believe most of their gates are non jetway which wouldn't have much appeal for a mainline operator. Probably the best merger candidate would be Mesa. They tried once before.
Qwerty From United States of America, joined Mar 2001, 377 posts, RR: 0 Reply 10, posted (8 years 2 months 4 weeks 1 day 18 hours ago) and read 1316 times:
flyibaby,
Any >%5 holder should be filing their ownership, especially to be legally O.K. if they have intentions of doing something other than just being a shareholder. SEC's Edgar database will indeed have those filings, and they will be tied to FLYI.
Quoting Flyibaby (reply 6): I don't show who in particular owns them.
Not sure what you mean here, but if you mean who (what individual) owns the hedgefund/money manager?
AirplanePeanut From United States of America, joined Mar 2004, 452 posts, RR: 0 Reply 11, posted (8 years 2 months 4 weeks 1 day 17 hours ago) and read 1254 times:
Someone that has fleet commontality
Fronteir-A319
VirginAmerica-A320
I know VA hasnt started service=, but its a possibiltity.
Flyibaby From United States of America, joined Aug 2004, 1015 posts, RR: 6 Reply 12, posted (8 years 2 months 4 weeks 1 day 6 hours ago) and read 1054 times:
Qwerty
Nail on the head..thanks. I keep hearing this, but I couldn't figure out where to locate the information. Yes, I couldn't find what specific hedgefund(s) were buying.
Voodoo From Niue, joined Mar 2001, 1962 posts, RR: 0 Reply 13, posted (8 years 2 months 4 weeks 1 day 1 hour ago) and read 1005 times:
Point of info:
AFAIK, Virgin America's A320 fleet has CFM engines planned. Indy's 319s have V2500s. Tho mixed engines are not a hinderance to all e.g.Lufthansa.
UnitedTristar From United States of America, joined May 2004, 1242 posts, RR: 4 Reply 14, posted (8 years 2 months 4 weeks 20 hours ago) and read 935 times:
Hummmm...
Am I the only one who thinks that ZW would be good to buy them? It would have several benefits
1. They would gain the CRJ's needed for a US Express operation (that's counting that they would use their current ones for a continued UA operation)
2. They would kill a UA competitor in IAD allowing those fares to return to a normal level again assuring continued increase in health for one of their major partners
3. They would gain some airbus's that they could turn and lease to US to continue to support their monetary interest (of course they would be subleases depending on the terms and the equipment and commonality) or they can simply pull a TW/AA and buy the assets and leave the ones they don't want for the shell of the former company to deal with (i.e reject their leases through the inevitable bankruptcy chapter 7 process)
Interesting indeed!
-m
Welcome aboard United Airlines L1011 Friendship Service to Osaka!
Byrdluvs747 From United States of America, joined Jul 2004, 2148 posts, RR: 1 Reply 15, posted (8 years 2 months 4 weeks 20 hours ago) and read 909 times:
HP?
The RJ's shouldn't be an issue since they can be used in the Mesa fleet. The 319's would also make a good fit if the engines matched.
The 747: The hands who designed it were guided by god.
OzarkD9S From United States of America, joined Oct 2001, 4682 posts, RR: 23 Reply 16, posted (8 years 2 months 4 weeks 19 hours ago) and read 881 times:
HP never crossed my mind, given the distance of IAD from thier core system. Would be an interesting combination, and they would definately need a focus city between IAD and PHX/LAS to tie the systems together. Might actually work if done correctly.
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