quickmover
Posts: 2134
Joined: Sat Mar 06, 2004 4:28 am

Airtran Raising $225 Mil.

Wed Aug 17, 2005 5:50 am

That's a fair amount of cash considering you already have $350 mil + already. Any thoughts about it's use?

http://yahoo.reuters.com/financeQuot...05-08-16_20-30-05_wbt003704_newsml
 
Indy
Posts: 3898
Joined: Thu Jan 20, 2005 1:37 pm

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 5:55 am

"It said it may use the proceeds for general corporate purposes, which may include the debt retirement, working capital, capital spending, acquisitions of other airlines or their assets, strategic alliances, code-share agreements or other business arrangements."

Sounds like it can be used for just about anything. Never hurts to have a little extra cash. Also it can raise UP TO that amount. Doesn't mean they are going to sell any additional shares or all of them. They can just go up to that number.
Indy = Indianapolis and not Independence Air
 
SHUPirate1
Posts: 3428
Joined: Sat Sep 20, 2003 2:53 pm

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 6:03 am

Who's to say that they won't use the money to prepare for a hostile takeover of Delta Air Lines? After all, isn't $225 mil about what the outstanding shares of Delta stock are worth?  Wink

[Edited 2005-08-16 23:03:21]
Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
 
Indy
Posts: 3898
Joined: Thu Jan 20, 2005 1:37 pm

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 6:08 am

They could buy Delta and still have $200 mil left over  Smile
Indy = Indianapolis and not Independence Air
 
Tornado82
Posts: 4662
Joined: Thu May 26, 2005 10:19 am

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 6:41 am

Considering what Delta just sold ASA for, doubtful. Maybe something like FlyI though?
 
airtran737
Posts: 3217
Joined: Mon Apr 05, 2004 3:47 am

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 6:49 am

ahem.....Midwest....cough Airlines.....cough..........





We don't want Indy, and airline of CRJ's and Airbi is of no use to us.
Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
 
Tornado82
Posts: 4662
Joined: Thu May 26, 2005 10:19 am

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 6:55 am

Quoting AirTran737 (Reply 5):
ahem.....Midwest....cough Airlines.....cough..........





We don't want Indy, and airline of CRJ's and Airbi is of no use to us.

I thought of both those points. It would probably take significantly more money than that to buy up Midwest. Indy's CRJ's aren't owned anyways... but their IAD facilities are, supposedly.
 
airtran737
Posts: 3217
Joined: Mon Apr 05, 2004 3:47 am

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 6:59 am

http://finance.yahoo.com/q?s=meh

Currently YX has a market cap of 41.28 million, not to expensive for an airline with 40 or so airplanes.
Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
 
quickmover
Posts: 2134
Joined: Sat Mar 06, 2004 4:28 am

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 10:19 am

Midwest and FL fares are almost identical but with FL using 117 seat configuration compared to 80 or so on the same Midwest jet, I think Midwest would be a perfect fit. FL's 3x2 seating plus their cost structure would probably mean a profit from day one.
 
sideflare75
Posts: 417
Joined: Wed May 04, 2005 2:30 pm

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 12:38 pm

Quoting AirTran737 (Reply 5):
ahem.....Midwest....cough Airlines.....cough..........



Quoting AirTran737 (Reply 7):
Currently YX has a market cap of 41.28 million, not to expensive for an airline with 40 or so airplanes.

So why on earth would you need to raise up to 225 million, when you already have 350 million, to buy an airline worth 42 million????

Still reaching for reasons for this merger that you have all but guaranteed?
I knew when I saw this news you would be posting this somewhere. I suppose next you are going to tell us you saw Joe in MKE with his checkbook in his hand.
 
airtran737
Posts: 3217
Joined: Mon Apr 05, 2004 3:47 am

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 12:45 pm

Quoting Sideflare75 (Reply 9):
So why on earth would you need to raise up to 225 million, when you already have 350 million, to buy an airline worth 42 million????

Maybe to re-finance and pay off some debt that YX has.

Quoting Sideflare75 (Reply 9):
I suppose next you are going to tell us you saw Joe in MKE with his checkbook in his hand.

No I'm not going to say that, Timmy wouldn't take a check, he gets funny money. But the next time Joe , or one of the big boys are here I will be sure to let you know. There is something brewing between FL and YX. I know all of the YX diehards will cry about losing their brand, but it is that very brand that is sinking YX. I'm pretty sure you work for YX, wander into ops and have them pull the names on your MCO-MKE flights, I'm sure you will see an AirTran exec on the manifest from time to time.
Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
 
quickmover
Posts: 2134
Joined: Sat Mar 06, 2004 4:28 am

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 10:19 pm

I'm not sure that fuel is the issue it was 6 mos. ago because many carriers have been able to pass on fare hikes recently that wouldn't have stuck a year ago and the planes are still running full. If FL senses that there is about to be a large reduction in capacity somewhere, perhaps aquiring the YX 717s might be a way to ramp things up quickly and cheaply. I can't think of any other airline beating down the door to aquire 717s, so this could be a bargain for FL.

The other issue is MKE. I'm not so certain that FL would necessarly leave all those 717s operating out of MKE if something were to happen. FL hasn't been overly successful in MKE to date and offer alot less capacity there than they used to. They would still be a factor up there, but I think they are making more money elsewhere in the system that could use more lift (SRQ, IND, CLT, LAS, etc).
 
Tornado82
Posts: 4662
Joined: Thu May 26, 2005 10:19 am

RE: Airtran Raising $225 Mil.

Wed Aug 17, 2005 11:26 pm

Quoting Quickmover (Reply 11):
LAS

Where all can a 717 make it within the FL system from LAS? Not too many stations, correct?
 
quickmover
Posts: 2134
Joined: Sat Mar 06, 2004 4:28 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 12:31 am

"Where all can a 717 make it within the FL system from LAS? Not too many stations, correct?"


They fly them to DFW, but what I meant was that additional 717s could be used to free up 737s operating on the east coast. Those 737-700s could be used better on long hauls to Vegas and the west.
 
DAYflyer
Posts: 3546
Joined: Wed Sep 08, 2004 9:35 pm

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 12:46 am

Rumors have been circulating for months about a merger, but with fuel skyrocketing and being such a capital intense business, it makes more sense for them to have it available for operational purposes that to buy a lame duck.
One Nation Under God
 
luv2fly
Posts: 11056
Joined: Tue May 13, 2003 2:57 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 3:20 am

Quoting DAYflyer (Reply 14):
Rumors have been circulating for months about a merger, but with fuel skyrocketing and being such a capital intense business, it makes more sense for them to have it available for operational purposes that to buy a lame duck.

I have to agree. They could just wait them out and then pick up the pieces after the fact.
You can cut the irony with a knife
 
quickmover
Posts: 2134
Joined: Sat Mar 06, 2004 4:28 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 3:41 am

"I have to agree. They could just wait them out and then pick up the pieces after the fact."


That strategy didn't work too well when FL tried to pick up pieces at ATA. I don't know if there are any bargains to be had at a bankruptcy auction. Bankruptcy seems to bring buyers out of the woodwork that wouldn't have been there otherwise often paying more than they should just to keep a competitor from grabbing the asset.
 
Midway2AirTran
Posts: 847
Joined: Wed Jul 16, 2003 7:34 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 3:49 am

The money can be used for anything, this might be a way of adding to the resources to compete better with DL should they emerge stronger from the possible bankruptcy filing. Increased fuel hedging too? Maybe just simple route expansion.

On the note of mergers it would probably have to be somebody larger than a Midwest or Indy to benefit from the consolidation, also keep in mind HP-US and other possibilities in the industry. To compete with these larger carriers under better cost structures it may benefit FL to be larger. To stir things up more, there is always a possibility for a merger or alliance with a legacy?

On the Midwest note, what would both gain from each other? If FL takes the B717's, then why will YX still be flying their more expensive a/c to operate?
"Life is short, but your delay in ATL is not."
 
Boeing7E7
Posts: 5512
Joined: Sat Jul 31, 2004 9:35 pm

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 3:52 am

Quoting AirTran737 (Reply 5):
ahem.....Midwest....cough Airlines.....cough..........

ahem... crack...cough...crack....ahem...
 
travatl
Posts: 1943
Joined: Sat Mar 03, 2001 4:57 pm

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 5:42 am

I've said it before, I'll say it again.... the airline that "something's brewing with" is much further to the west than YX.

Travis
 
airtran737
Posts: 3217
Joined: Mon Apr 05, 2004 3:47 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 5:45 am

Maybe we're going to use the 225 million to build an oil refinery, that we we can have a fuel cost that is even lower that WN's I know that it isn't going to happen, but we can all dream.
Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
 
SHUPirate1
Posts: 3428
Joined: Sat Sep 20, 2003 2:53 pm

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 5:47 am

Quoting AirTran737 (Reply 20):
Maybe we're going to use the 225 million to build an oil refinery, that we we can have a fuel cost that is even lower that WN's

AirTran-Now THAT is the best idea I've heard yet! Why doesn't EVERY airline do that?
Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
 
User avatar
mariner
Posts: 18098
Joined: Fri Nov 23, 2001 7:29 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 5:47 am

Quoting Travatl (Reply 19):
the airline that "something's brewing with" is much further to the west than YX.

You mean as a code share, right?

cheers

mariner
aeternum nauta
 
Tornado82
Posts: 4662
Joined: Thu May 26, 2005 10:19 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 5:48 am

Quoting AirTran737 (Reply 20):
Maybe we're going to use the 225 million to build an oil refinery, that we we can have a fuel cost that is even lower that WN's I know that it isn't going to happen, but we can all dream.

Actually as low as WN is hedged... no you wouldn't. The crude is still costing $63+ out of the ground right now. And until you'd build it.. WN's hedging is gone.
 
SBN580
Posts: 374
Joined: Sat Mar 12, 2005 1:55 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 5:55 am

Quoting AirTran737 (Reply 10):
I know all of the YX diehards will cry about losing their brand, but it is that very brand that is sinking YX.

Oh, yeah, "AirTran," is such an exciting name for a brand. "Air Transportation," is there a bar code on the tail?

Quoting AirTran737 (Reply 10):
I'm pretty sure you work for YX, wander into ops and have them pull the names on your MCO-MKE flights, I'm sure you will see an AirTran exec on the manifest from time to time.

So AirTran is conducting industrial espionage? I see. How nice.
North Central: Good People Made Their Airline Great! FLY MD-90 POWER! Keep 'em Flying DELTA Family!
 
quickmover
Posts: 2134
Joined: Sat Mar 06, 2004 4:28 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 5:58 am

"I've said it before, I'll say it again.... the airline that "something's brewing with" is much further to the west than YX."

a) Frontier?
b) Alaska?

How sure are you about this?
Merger: I would guess Alaska because of fleet commonality
code share: Frontier better route structure. They would be a great merger partner if they didn't have all of those planes that start with the letter "A".
 
User avatar
mariner
Posts: 18098
Joined: Fri Nov 23, 2001 7:29 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 6:07 am

Quoting Quickmover (Reply 25):
Merger: I would guess Alaska because of fleet commonality

$225 million wouldn't even get you in the door at Alaska. They have nearly $1 billion in the bank, their market cap is just under $1 billion, and any investor would expect a 50% premium.

To merge with Frontier would not be cheap, either. The market cap is up there at around $400 million, and, again, there would need to be about a 50% premium.

Quoting Quickmover (Reply 25):
code share: Frontier better route structure.

Airtran and Frontier discussed a code share a couple of years ago. It didn't happen because the computer systems were incompatible.

Since then, Frontier has changed to Sabre. i don't know what Airtran uses.

Quoting Quickmover (Reply 25):
They would be a great merger partner if they didn't have all of those planes that start with the letter "A".

Well, thank goodness they do. A code share might be good, but I don't want to see 'em merge with Airtran.

I'd miss the critters.  Smile

cheers

mariner
aeternum nauta
 
ATLFlyer323
Posts: 486
Joined: Sun Jan 16, 2005 2:01 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 6:11 am

SBN580

Oh, yeah, "AirTran," is such an exciting name for a brand. "Air Transportation," is there a bar code on the tail?


Well sadly the Brand dosen't determine the profit of the airline. I have to agree that AirTran is a boring name but its a name that's making money.
~Brandon
Everyday, the fluffy temptation of wheat!
 
quickmover
Posts: 2134
Joined: Sat Mar 06, 2004 4:28 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 6:11 am

How would a code share work when one carrier offers business class and the other doesn't? I guess it wouldn't be any different than UAL and TED. Any thoughts?

btw: A code share wouldn't require $225 mil. I still think it's YX.
 
SBN580
Posts: 374
Joined: Sat Mar 12, 2005 1:55 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 6:11 am

Instead of all this predatory talk, maybe they are just hedging the future for two reasons: 1. The possibility of taking any advantages in a Delta bankruptcy or out and out ceasing of operations. and/or 2. Gas isn't getting any cheaper!

Alaska to merge with AirTran? Eskimo, just say, "NO!"

[Edited 2005-08-17 23:13:25]

[Edited 2005-08-17 23:14:24]
North Central: Good People Made Their Airline Great! FLY MD-90 POWER! Keep 'em Flying DELTA Family!
 
User avatar
mariner
Posts: 18098
Joined: Fri Nov 23, 2001 7:29 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 6:20 am

Quoting Quickmover (Reply 28):
I guess it wouldn't be any different than UAL and TED. Any thoughts?

Exactly that. Frontier's Elite passengers are a pretty happy bunch, even without biz class.

They do have the More Store - such a brand new Merc for 450,000 FF miles.

Quoting Quickmover (Reply 28):
btw: A code share wouldn't require $225 mil. I still think it's YX.

Airtran has not raised $225 million. They have filed a shelf registration that legally allows them to raise money up to that amount.

Most companies have this. Three years ago, Frontier applied for a shelf registration of $100 million. This caused chaos among stockholders - why did such a small airline need so much money.

To this date, I think Frontier has actually raised about $20 million of that $100 million.

The point is that if they needed money (or equivalent shares) all the paperwork is in place for them to do so.

cheers

mariner
aeternum nauta
 
Boeing7E7
Posts: 5512
Joined: Sat Jul 31, 2004 9:35 pm

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 9:21 am

Quoting Travatl (Reply 19):
I've said it before, I'll say it again.... the airline that "something's brewing with" is much further to the west than YX.

Or further East depending on if you're refering to UA or CO.
 
qxq400
Posts: 250
Joined: Thu Dec 23, 2004 1:42 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 10:06 am

Quoting SBN580 (Reply 29):
Alaska to merge with AirTran? Eskimo, just say, "NO!"

I have long thought that this could happen sometime. After the horrible summer that AS has had I wonder ?? There is alot of fear among senior management that a hostel take over is possible. I do not fully understand why they are not more concern about the operation than takeovers.  scratchchin   worried 
Welcome baby Madison Renee
 
ERAUMcDlover
Posts: 73
Joined: Sun Aug 14, 2005 10:16 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 12:24 pm

ok lets think about this.
YX's 712's would be PERFECT for FL. FL stands the chance to make money, except for that horrible livery. I'm sorry, but i always fly DL, and ATL is loaded w/ EUROWHITE!, the only thing that sticks out there is FL's vanilla and teal fuselage,except for the occasional korean 744.... i think that was a very good recognizable brand. this eurowhite monstrosity they've come up with is horrible, doesn't do a 712 or 737 any justice to their graceful lines. bring back the original livery please! its not too late!
but YX's 712's need to go to ATL, bring the hub to MCI, it has the space, a 712 can reach almost anywhere in the route structure, missouri gives money away, look at TW and now AA and even boeing. they need a huge O&D hub in MCI, and turn LAS and ATL into minor hubs, or serious focus cities.
the 712's are a sizable fleet that i don't think they'll be replaced, they're a marvel to be on and operate, however i'm really scared. i'm scared to death because of that order for 736's by FL. i don't like that at all! and i love delta to death, but delta isn't anymore amusing that airtran.....jetblue....come on, its like people look for one short word related to aviation...like...jet, or air, and then throw a color with it or a direction....NW....SWA...B6....
that forbes magazine should've said, FL and YX, it makes the most sense. 712's for all the hub and spoke, and then 738's...for transcons, 737's for routes that demand more than a 712 (not many other than the transcons) and then start a serious NE corridor shuttle. i love DL, but that operation is waiting to be tapped, throw a couple 739er's up there. add hawaii. add the caribbean. add more in canada and mexico. and in 5 yrs. you'll have a very profitable, efficient domestic airline.
DL, what a classy lady....Mad Dogs...a classy plane.....USA...just the best all around
 
luv2fly
Posts: 11056
Joined: Tue May 13, 2003 2:57 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 12:39 pm

Quoting ERAUMcDlover (Reply 33):
but YX's 712's need to go to ATL, bring the hub to MCI, it has the space, a 712 can reach almost anywhere in the route structure, missouri gives money away, look at TW and now AA and even boeing. they need a huge O&D hub in MCI, and turn LAS and ATL into minor hubs, or serious focus cities.

MCI has a horrible record for airlines that have hubbed there in the past, can you say Eastern, Braniff and Vangaurd!
You can cut the irony with a knife
 
flyinryan99
Posts: 1423
Joined: Sat Feb 17, 2001 6:54 am

RE: Airtran Raising $225 Mil.

Thu Aug 18, 2005 12:56 pm

Travis - would Hawaiian (or heck Aloha) be going too far west? They have 717s (and 732s) for the island hopping which could feed some 73G/738 to the mainland. I was just thinking out loud because I really don't have any knowledge on the two companies.

Ryan
 
vatveng
Posts: 1092
Joined: Wed Jan 07, 2004 11:49 pm

RE: Airtran Raising $225 Mil.

Fri Aug 19, 2005 12:30 am

Quoting ERAUMcDlover (Reply 33):
because of that order for 736's by FL

Which has been determined (in other threads) to be a typo.

http://www.airliners.net/discussions...eral_aviation/read.main/2274863/4/
 
sideflare75
Posts: 417
Joined: Wed May 04, 2005 2:30 pm

RE: Airtran Raising $225 Mil.

Fri Aug 19, 2005 1:22 am

Quoting ERAUMcDlover (Reply 33):
YX's 712's would be PERFECT for FL.

Our 717's aren't really all that similar once you get inside. Obviously different seat's, different galleys, no forward lav. These things are not cheap to just up and replace, and what about the cockpit. Are our planes configured the same as AirTran's??? Just because they look the same on the outside doesn't mean you can slap on a new coat of paint and they become the same. I still think if they wanted more planes they would have just ordered them. If and when Midwest goes under, Boeing wil just lease the planes to AirTran if they want them. No need to buy a whole airline.

Now I do think there are areas where these two airlines could work together like maintenance for instance. I don't doubt that there are some kind of talks between the two, but I don't think it is what everybody thinks it is.
 
SBN580
Posts: 374
Joined: Sat Mar 12, 2005 1:55 am

RE: Airtran Raising $225 Mil.

Fri Aug 19, 2005 3:18 am

Quoting Qxq400 (Reply 32):
I have long thought that this could happen sometime. After the horrible summer that AS has had I wonder ?? There is alot of fear among senior management that a hostel take over is possible. I do not fully understand why they are not more concern about the operation than takeovers.      

I am very sorry to hear that AS has been having problems finanically. They are the best airline I have ever flown. From the service of the employees, to the distinctiveness of the aircraft, down to the Bible verse, framed in a pacific northwest scene, on the meal tray. Class and distinction. Hard to find anymore with customers who care more about low cost of ticket than high class of service.
North Central: Good People Made Their Airline Great! FLY MD-90 POWER! Keep 'em Flying DELTA Family!
 
quickmover
Posts: 2134
Joined: Sat Mar 06, 2004 4:28 am

RE: Airtran Raising $225 Mil.

Fri Aug 19, 2005 4:05 am

"Our 717's aren't really all that similar once you get inside. Obviously different seat's, different galleys, no forward lav. These things are not cheap to just up and replace, and what about the cockpit. Are our planes configured the same as AirTran's??? Just because they look the same on the outside doesn't mean you can slap on a new coat of paint and they become the same. I still think if they wanted more planes they would have just ordered them. If and when Midwest goes under, Boeing wil just lease the planes to AirTran if they want them. No need to buy a whole airline."

I think Boeing would modify whatever they had to on those jets to find a new home for them if they thought Midwest was going to have a hard time paying for them. Boeing holds the paper on those jets, I believe. FL is in a position to offer a good credit rating and timely payments to Boeing.

Boeing would make a whale of an offer to avoid 717s parked in the desert with nobody making the payments.

If that were to happen.
 
ERAUMcDlover
Posts: 73
Joined: Sun Aug 14, 2005 10:16 am

RE: Airtran Raising $225 Mil.

Fri Aug 19, 2005 4:24 am

definately.
boeing would swap interiors to prevent a desert home for those birds. use that money to acquire the YX's birds through a merger, or wait them out unless they drastically improve , then hedge your fuel costs and you have the most efficient fleet, made more efficient with hedging.
sorry guys, i hadn't heard the 736's were a typo, you can see where that would cause me, an airtran supporter, but also avid MD lover and 712 lover, to go into panic... MY APOLOGIES.
DL, what a classy lady....Mad Dogs...a classy plane.....USA...just the best all around
 
gr8slvrflt
Posts: 1443
Joined: Wed Jan 30, 2002 10:53 pm

RE: Airtran Raising $225 Mil.

Fri Aug 19, 2005 4:31 am

The two 717s that AirTran got from Hawaiian also came with only two lavs, different galleys, seats, etc. They were modified to the point that they are now indistiguishable from AirTran's other 717s except for the purple jumpseats.
I work for Southwest, but the views expressed are my own and do not necessarily represent those of Southwest.
 
galapagapop
Posts: 861
Joined: Sat Feb 26, 2005 2:15 pm

RE: Airtran Raising $225 Mil.

Fri Aug 19, 2005 11:24 am

Quoting Sideflare75 (Reply 9):
So why on earth would you need to raise up to 225 million, when you already have 350 million, to buy an airline worth 42 million????

Still reaching for reasons for this merger that you have all but guaranteed?
I knew when I saw this news you would be posting this somewhere. I suppose next you are going to tell us you saw Joe in MKE with his checkbook in his hand.

For the paperwork, early fleet retirments, and possibly to assume all those loans YX had got during their trip through BK. And a few extra bucks coud never hurt especially if they want to hedge and keep their costs down.
 
User avatar
mariner
Posts: 18098
Joined: Fri Nov 23, 2001 7:29 am

RE: Airtran Raising $225 Mil.

Fri Aug 19, 2005 12:22 pm

Quoting Galapagapop (Reply 42):
and possibly to assume all those loans YX had got during their trip through BK.

Did I miss something? When did Midwest go through bankruptcy? I - and others - thought they avoided it:

http://www.usatoday.com/travel/news/2003/07/17-midwest.htm

cheers

mariner
aeternum nauta
 
airtran737
Posts: 3217
Joined: Mon Apr 05, 2004 3:47 am

RE: Airtran Raising $225 Mil.

Fri Aug 19, 2005 1:00 pm

They never filed for bankruptcy, they were dangerously close in 2003, but got the pilots and F/A's to give concessions. They are however getting closer to a trip into Chapter 11 now though.
Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
 
galapagapop
Posts: 861
Joined: Sat Feb 26, 2005 2:15 pm

RE: Airtran Raising $225 Mil.

Fri Aug 19, 2005 1:30 pm

Quoting Mariner (Reply 43):
Did I miss something? When did Midwest go through bankruptcy? I - and others - thought they avoided it:

http://www.usatoday.com/travel/news/2003/07/17-midwest.htm

cheers

mariner

No, I thought they went through in 2002 and came out in 03'? Of coarse I could be thinking of someone else, but I could swear, well whatever, they've got a number of outstanding loans adn capital investments from Boeing that FL would probably want (possibly have) to pay off when (and if) they were to take over YX.
 
sideflare75
Posts: 417
Joined: Wed May 04, 2005 2:30 pm

RE: Airtran Raising $225 Mil.

Sat Aug 20, 2005 6:46 am

Quoting Galapagapop (Reply 45):
they've got a number of outstanding loans adn capital investments from Boeing that FL would probably want (possibly have) to pay off when (and if) they were to take over YX.

When did Boeing ever invest in YX??? The 717's are financed through Boeing Capital but that's about it. Did I miss something?