i have to admit, i am getting a little skepticale myself. an announcement was supposed to be made last week.i have to wonder, the longer that UA and US keep talking, or supponsely talking, the more I think it wont be a done deal and i hope for all US sake that a merger dont happen
I had seen the 3bil figure tossed around for a Mileage Plus valuation and didn't think UA had 3bil of other unencumbered assets.
I'm kind of curious how much asset valuations on airlines have changed as the price of oil has risen.
UAUA has passionately advertised the fact that it has approximately $3 billion in unencumbered assets. The company has significant untapped value in its pool of unencumbered aircraft (110 in total, worth perhaps $2 billion) and spare parts/engines (could be worth another <$1 billion)
LCC owns 25 unencumbered E190s worth approximately $500 million dollars which it has said it could sell or refinance to bolster liquidity. Additionally, LCC has valuable DCA slots (worth <$75 million, $2 million per slot).
A sale to United is much discussed and seemingly likely.
LCC has the option, as do others, to engage in a forward mileage sale.
Given LCC's relative absence of material liquidity levers, we actually ascribe a slightly higher Ch11 probability to LCC than to AMR and UAUA in this scenario (mirroring our thoughts on NWA).
skepticale? That's fancy talk!!! I agree with you topperssss....i have to admit, i am getting a little skepticale myself. an announcement was supposed to be made last week.
hey richard what about you? are you allowed as a moderator to post your opinions? if so what do you think about this potential merger?
not lookin for trouble . just asking a valid question. and you gave me a valid answer. have a good day richie .Moderators are supposed to remain neutral regarding issues on these boards. While I do have my opinions, I choose to observe the rules and not share them...
Oh...observing the rules.....now there's a concept.
Keep on topic ETOPS and please stop looking for trouble.
Thanks.
i have to admit, i am getting a little skepticale myself. an announcement was supposed to be made last week.
I still think when the chips finally fall, it will be something completely different from all the speculation that’s been going on, with NW being a part of it.