luvthe9
Veteran
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- Aug 30, 2002
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🙄At some point, I think we'll probably acquire somebody. That's just a reflection of my view that the industry is weak and that there'll be players up for sale, probably in a fire-sale mode, and we'll want to at least be thoughtful about that. We'll still have all the considerations – the fleet, the labor contracts, the seniority issues, the cost implications of it, the cultural aspects of trying to bring two work groups together and on and on and on.
They could also approach SY but I believe they are privately held, it would give them some more 737's and a decent sized hub in MSP which is also missing from their route map.
was morris air privately held when WN bought them out, res? (me thinking aloud...) things that make me go hmmm...
I'm not "res", but to answer your Mo Air question, yes, they were privately held.
Wasn't Neeleman at Morris Air? I thought that's how he made most of his money before starting B6? I'd guess they made sure he signed a non-compete clause and stayed out of the airline biz a few years.June Morris was quietly shopping the airline around anyway, she was getting older and ill and no longer wanted to run it. She may have even approached SWA instead of the other way around. SWA made her a very good offer including stock options, which, at the time, was very lucrative for her.