Big chunk of US up for sale

[tadjr]

Eastshore selling stock

Over 3 million shares up for sale. Anyone care to guess who some of the buyers might be? Sold all to one or split? PAR getting more? Interesting how much of the new stock has already been swapped/bought/moved in just under a year.

 

[FWAAA]

What did they pay? $20?

Smart money sells at $45 or more less than a year later.

Guess they disagree with the analysts predicting LCC will hit $90 to $100 within the year. B)

 

[Flying Titan]

This is the obvious play either way. Whether you agree or disagree with the forecast, when you can double your money within a year you take it and lock it up.

 

[SoftLanding]

What did they pay? $20?

Smart money sells at $45 or more less than a year later.

Guess they disagree with the analysts predicting LCC will hit $90 to $100 within the year. B)

The link below should help, though I would have to do some more digging to verify what they paid. They're sitting on some nice profits, for sure

Also, Eastshore Aviation is still the proud owner of a few million shares, even after this sale.

Softlanding

http://www.secform4.com/insider/viewform4....primary_doc.xml

 

[john john]

TEMPE, Ariz., Oct 21, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- US Airways Group, Inc., (NYSE: LCC) today announced its investors have exercised all of their options to purchase additional shares of US Airways Group common stock at $15 per share. The investors, which include Par Investment Partners, L.P., Peninsula Investment Partners, L.P., a group of investors under the management of Wellington Management Company, LLP, and Tudor Proprietary Trading, L.L.C. and a group of investors for which Tudor Investment Corp. acts as investment adviser exercised the first two-thirds of their options, which totaled approximately 5 million shares, on Sept. 28, 2005, resulting in aggregate proceeds to US Airways Group of approximately $75 million. The remaining one-third of the options, exercisable for approximately 2.5 million shares, were
http://www.airlinecrew.net/vbulletin/showthread.php?t=181615

EASTSHORE AVIATION LLC: Declared Holdings
US AIRWAYS GROUP INC
Beneficial Owner (10% or more)
NYSE:LCC
(historical quotes, profile, other insiders) 27-Sep-05 8,333,333 Direct

TEMPE, Ariz., May 31 /PRNewswire-FirstCall/ -- US Airways Group, Inc. (NYSE:LCC) announced today that one of its stockholders, Eastshore Aviation, LLC, has agreed to sell 3,050,000 shares of US Airways Group, Inc.'s common stock in an underwritten secondary offering. US Airways Group, Inc. will not receive any of the proceeds from the offering

3,050,000 shares at $ 34.84 a shares = $106,262,000 millon
HELLO CRJ900

 

[luvn737s]

I wonder if the Retirement System of Alabama would be interested?

 

[sfb]

Unless they had put in more money at some point, Eastshore (a subsidiary of Air Wisconsin Airlines Corp.) invested $125 million (in DIP financing) for its 8.333 million shares -- working out to $15/share. Air Whiskey really hit the jackpot here considering that they stand to make a hefty profit and they found a new home for the jets UAL was rejecting.