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Who Buys Comair From DL? Republic?  
User currently offlineSolehibob From United States of America, joined Feb 2005, 47 posts, RR: 0
Posted (9 years 3 months 3 days 3 hours ago) and read 2555 times:

Or is Comair part of the Skywest deal?

5 replies: All unread, jump to last
 
User currently offlineSHUPirate1 From United States of America, joined Sep 2003, 3670 posts, RR: 16
Reply 1, posted (9 years 3 months 3 days 2 hours ago) and read 2534 times:

Quoting Solehibob (Thread starter):
Or is Comair part of the Skywest deal?

No

Quoting Solehibob (Thread starter):
Who Buys Comair From DL? Republic?

I doubt Republic will. The best guess is probably Mesa.



Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
User currently offlineSolehibob From United States of America, joined Feb 2005, 47 posts, RR: 0
Reply 2, posted (9 years 3 months 3 days 2 hours ago) and read 2520 times:

Thanks for the reply-any idea as to the price tag possibly? Is Comair worth more than the Skywet deal to DL?

User currently offlineSrbmod From , joined Dec 1969, posts, RR:
Reply 3, posted (9 years 3 months 3 days 1 hour ago) and read 2449 times:

I doubt OH will garner too much more cash than the EV deal. OH is damaged goods right now due to the meltdown back during the winter and the pilot's strike a few years back. DL paid around $1 billion for OH, I'd be surprised if they even got $500 million for it. I would said that at best, they'll get $350 million for OH (based on the fact that OO got EV for a third of the price DL had bought them back in the late 1990s.).

I doubt Republic Airways Holdings will buy OH since the company is an all-Embraer operator. Mesa is considered a major possibility as the OH buyer since they are about to start doing DL Connection flying, but I'll throw a darkhouse into the mix, Air Wisconsin Airlines Corporation.


User currently offlineSHUPirate1 From United States of America, joined Sep 2003, 3670 posts, RR: 16
Reply 4, posted (9 years 3 months 3 days 1 hour ago) and read 2436 times:

Quoting Srbmod (Reply 3):
I'll throw a darkhouse into the mix, Air Wisconsin Airlines Corporation.

I thought about AWAC, but would they have the financial resources to buy a company in Comair that is fairly significantly larger than them in Comair? (Comair had 310.6 million dollars in revenue in Q1 2005, AWAC 182.2 million in revenue for the same time period). I know Mesa is smaller than Comair as well, but Mesa has Jonathan Ornstein, who would find a way to buy up absolutely everything if he absolutely wanted, short of being told to cease and desist, as he was with Atlantic Coast Airlines.



Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
User currently offlineLowrider From United States of America, joined Jun 2004, 3220 posts, RR: 10
Reply 5, posted (9 years 3 months 2 days 21 hours ago) and read 2322 times:

The target price I have heard tossed around is 600 to 700 million. Anything less than that and it is not worth Delta's time. Any cash is better than nothing you say? Not necessarily so, especially if you are on your way to bankruptcy no matter what. If they don't get a good enough offer, GG can just drag CMR into bankruptcy court and get a friendly judge to terminate all the leases and contracts. There is enough RJ capacity out there right now to make up the difference. Needless to say, few are sleeping well in Cinci right now.


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