Delta delays Comair sale until???

Soul Brotha' · January 7th, 2008, 11:07

Delta delays Comair sale

Delta Air Lines has put on hold plans to sell its Comair regional jet service division while it explores a possible merger with United Airlines or another rival, the latest sign that 2008 could be the year US carriers press for consolidation.
Delta executives said in October they would reach a decision on whether to sell or spin-off Comair within the next several months. The Atlanta-based airline has had preliminary discussions with JPMorgan Chase on its options for the unit. It will not retain the firm until a special committee of Delta directors and their bankers – Merrill Lynch and Greenhill – has completed the merger review, people familiar with the company’s plans said.

http://www.ft.com/cms/s/0/138e4fc6-b...nclick_check=1

Once again the wait continues.

UND_Flyer · January 7th, 2008, 13:15

So far I've heard we are getting sold to Republic or Pinnacle, but who knows? I'm just wondering what would happen to CVG base if DL would merge with UAL or NWA?

Doug Taylor · January 7th, 2008, 13:16

I was out with a UAL captain this weekend who is convinced we're going to be co-workers.

AUAeropilot · January 7th, 2008, 13:27

I am inclined to think it will be NWA. I think the United deal was going to be good, but we could get NWA so much cheaper and still have some capital to keep their 787-8/-9 delivery slots. We'll just have to wait and see how it all pans out.

Besides, why would they ask me to look at 787-8/-9 and 747-400 performance numbers if we weren't buying NWA.

(or maybe not

)

Kristie · January 7th, 2008, 14:05

well, if your going to research the market and more than one airline, then you'd be checking out both liveries

I can see Delta/United becoming a big international gig if that were to happen. don't see the same with NWA

mattp1803 · January 7th, 2008, 14:15

Quote:

Originally Posted by UND_Flyer

So far I've heard we are getting sold to Republic or Pinnacle, but who knows? I'm just wondering what would happen to CVG base if DL would merge with UAL or NWA?

Yeah, I've been wondering the same thing...

AUAeropilot · January 7th, 2008, 14:16

Quote:

Originally Posted by Kristie

I can see Delta/United becoming a big international gig if that were to happen. don't see the same with NWA

I agree completely. I guess we'll wait and see, until the price of oil begins to drop again and everything quiets back out.

Doug Taylor · January 7th, 2008, 14:19

As I heard on a USAir (west) jumpseat a few weeks ago.

"Hey man, I wish Delta would buy us, but only if they axe the easties"

Daaaaaaayum!

kellwolf · January 8th, 2008, 10:42

Quote:

Originally Posted by Kristie

I can see Delta/United becoming a big international gig if that were to happen. don't see the same with NWA

Unless you want a presence in the Far East, which is NWA's int'l bread and butter. Lotsa flights to Japan, India, and other countries in that general vicinity. I THINK they even got a slot to Shanghai out of DTW. Makes since if you're looking to get a foothold in that part of the world, esp as quickly as it's developing.

I keep hearing the PCL buying CMR rumor around here, but I just don't see it as having any legs. We're still battling over the whole Colgan issue. The last thing we need is a third airline to possibly integrate into a seniority list. Then again, that didn't stop US Airways from making the attempt.

I think Delta might be delaying the sale b/c they can't find a buyer.

NC_BE300 · January 8th, 2008, 12:13

Quote:

Originally Posted by kellwolf

I think Delta might be delaying the sale b/c they can't find a buyer.

Thats what i've been hearing around ops, crews, etc.

Doug Taylor · January 8th, 2008, 12:15

Quote:

Originally Posted by kellwolf

The last thing we need is a third airline to possibly integrate into a seniority list. Then again, that didn't stop US Airways from making the attempt.

Didn't stop Parker!

Quote:

I think Delta might be delaying the sale b/c they can't find a buyer.

Yup. Get yer CRJ-100's and -200's right heeeeeeere! The line forms right here folks! One at a time folks.

*thump* *thump*

Is this megaphone on? Hello?!

H46Bubba · January 8th, 2008, 12:49

Quote:

Originally Posted by NC_BE300

Thats what i've been hearing around ops, crews, etc.

From a reliable source at DCI, Delta wants pretty much close to what it paid for Comair, but no one wanted to take a bite on on the close to $1.8 billion dollar price. With Comair's lucrative MRO operation and the new contract with United to provide ground services, Comair is bringning in some good cash flow to Delta and increasing it's value.

cime_sp · January 9th, 2008, 16:20

Quote:

Originally Posted by H46Bubba

From a reliable source at DCI, Delta wants pretty much close to what it paid for Comair, but no one wanted to take a bite on on the close to $1.8 billion dollar price. With Comair's lucrative MRO operation and the new contract with United to provide ground services, Comair is bringning in some good cash flow to Delta and increasing it's value.

$1.8 billion.....Riiiiiggggghhhtttt. NOT gonna happen. ASA is much more profitable and sold for what???....about $450 million and that included all the gates in ATL. If that's true, Delta needs to get its head out of it's own butt!

ready2fly · January 9th, 2008, 16:42

Eagle is buying Comair.

blee256 · January 9th, 2008, 22:25

Quote:

Originally Posted by Doug Taylor

I was out with a UAL captain this weekend who is convinced we're going to be co-workers.

well a year and a half ago, when i was in a United j/s the pilots coulda swore they were gonna merge with CAL.

B757plt2B · January 9th, 2008, 23:09

Delta is indeed delaying the sale of Comair because they can't find a suitable offer. It's no secret they overpaid for Comair originally (ref: Comair threatening to buy Spirit and raiding the CVG cashcow) and as Doug alluded to, 50-seat RJs aren't worth much more than a resting place in the desert.
Comair is making money and from a flight operations standpoint, they are doing Delta's dirty work (northeast flying (JFK)) at a much lower cost than any other DCI carrier would be able to offer--even if there are an overabundance of 25 year captains on the property.

I personally wouldn't mind flying for either NWA or UA, but the reality of the situation is, if Delta merges with either, CVG is a goner and Comair will must likely be spun off, so why am I wasting my time??? Should be an interesting next two months!

BTW, thanks to the two "Southern Jets" crews who went out of their way to get me on their jumpseat this past week while commuting home....

jtrain609 · January 10th, 2008, 01:22

I heard yer Mom is buying Comair.

I'm not really sure who's Mom, but the source is legit!

Doug Taylor · January 10th, 2008, 01:22

I don't care who you are, that's funny!

Maximillian_Jenius · January 10th, 2008, 01:36

Quote:

Originally Posted by Doug Taylor

I don't care who you are, that's funny!

It is funny if you've heard John talk before with his hippie MI accent!

"yeeeeeer, maaayom!"

Doug Taylor · January 10th, 2008, 01:44

"Doot! yar maaaahm! Sweet. Choice."

jtrain609 · January 10th, 2008, 02:01

I even threw an "eh" onto the back of my newest attack on mediocrity to make it officially from up north eh!

Fly4Pay · January 10th, 2008, 07:25

Quote:

Originally Posted by AUAeropilot

I guess we'll wait and see, until the price of oil begins to drop again and everything quiets back out.

I wouldn't hold your breath. I don't imagine the price of oil is going to drop much at all for one simple reason--they're still selling every drop they can pump at the current price. Why on earth would it drop significantly? Supply and demand, man...

kellwolf · January 10th, 2008, 11:04

Quote:

Originally Posted by jtrain609

I heard yer Mom is buying Comair.

I'm not really sure who's Mom, but the source is legit!

My mom's buying it.

I get it for my birthday in March.

jtrain609 · January 10th, 2008, 11:06

Yeah but yer Mom is freakin' awesome.

Doug Taylor · January 10th, 2008, 11:11

Yer mom goes to college.

January 7th, 2008, 11:07	#1
Soul Brotha' Senior Member Join Date: Aug 2006 Location: Random hotels of America Posts: 461	Delta delays Comair sale until??? Delta delays Comair sale Delta Air Lines has put on hold plans to sell its Comair regional jet service division while it explores a possible merger with United Airlines or another rival, the latest sign that 2008 could be the year US carriers press for consolidation. Delta executives said in October they would reach a decision on whether to sell or spin-off Comair within the next several months. The Atlanta-based airline has had preliminary discussions with JPMorgan Chase on its options for the unit. It will not retain the firm until a special committee of Delta directors and their bankers – Merrill Lynch and Greenhill – has completed the merger review, people familiar with the company’s plans said. http://www.ft.com/cms/s/0/138e4fc6-b...nclick_check=1 Once again the wait continues.

January 7th, 2008, 13:15	#2
UND_Flyer Senior Member Join Date: Jan 2004 Location: CVG Posts: 990	Re: Delta delays Comair sale until??? So far I've heard we are getting sold to Republic or Pinnacle, but who knows? I'm just wondering what would happen to CVG base if DL would merge with UAL or NWA? __________________ "A mile of highway will take you a mile. A mile of runway will take you anywhere!"

January 7th, 2008, 13:16	#3
Doug Taylor Agent Smith Join Date: Dec 1969 Location: KSDL Posts: 39,824 Blog Entries: 1	Re: Delta delays Comair sale until??? I was out with a UAL captain this weekend who is convinced we're going to be co-workers. __________________ Doug Taylor http://76school.flyblog.com (old!) http://30west.flyblog.com (updated 11/28)

January 7th, 2008, 13:27	#4
AUAeropilot Junior Member Join Date: Jan 2004 Location: Snellville, GA Posts: 99	Re: Delta delays Comair sale until??? I am inclined to think it will be NWA. I think the United deal was going to be good, but we could get NWA so much cheaper and still have some capital to keep their 787-8/-9 delivery slots. We'll just have to wait and see how it all pans out. Besides, why would they ask me to look at 787-8/-9 and 747-400 performance numbers if we weren't buying NWA. (or maybe not )

January 7th, 2008, 14:05	#5
Kristie Big Chief's Woman Join Date: Feb 2001 Location: Scottsdale, Arizona Posts: 17,704 Blog Entries: 3	Re: Delta delays Comair sale until??? well, if your going to research the market and more than one airline, then you'd be checking out both liveries I can see Delta/United becoming a big international gig if that were to happen. don't see the same with NWA __________________ Wife of a Delta B767 ER F/O jetgirls.net

January 7th, 2008, 14:19	#8
Doug Taylor Agent Smith Join Date: Dec 1969 Location: KSDL Posts: 39,824 Blog Entries: 1	Re: Delta delays Comair sale until??? As I heard on a USAir (west) jumpseat a few weeks ago. "Hey man, I wish Delta would buy us, but only if they axe the easties" Daaaaaaayum! __________________ Doug Taylor http://76school.flyblog.com (old!) http://30west.flyblog.com (updated 11/28)

January 9th, 2008, 23:09	#16
B757plt2B Junior Member Join Date: Jan 2004 Location: Indiana Posts: 80	Re: Delta delays Comair sale until??? Delta is indeed delaying the sale of Comair because they can't find a suitable offer. It's no secret they overpaid for Comair originally (ref: Comair threatening to buy Spirit and raiding the CVG cashcow) and as Doug alluded to, 50-seat RJs aren't worth much more than a resting place in the desert. Comair is making money and from a flight operations standpoint, they are doing Delta's dirty work (northeast flying (JFK)) at a much lower cost than any other DCI carrier would be able to offer--even if there are an overabundance of 25 year captains on the property. I personally wouldn't mind flying for either NWA or UA, but the reality of the situation is, if Delta merges with either, CVG is a goner and Comair will must likely be spun off, so why am I wasting my time??? Should be an interesting next two months! BTW, thanks to the two "Southern Jets" crews who went out of their way to get me on their jumpseat this past week while commuting home....

January 10th, 2008, 01:22	#17
jtrain609 Old Skool Join Date: Feb 2002 Location: Park City, UT Posts: 12,100	Re: Delta delays Comair sale until??? I heard yer Mom is buying Comair. I'm not really sure who's Mom, but the source is legit! __________________ "I could stand at the end of the line of the general mills cereal plant to make sure that all the lucky charms are up to par for 38k a year." -snickersnwa

January 10th, 2008, 01:44	#20
Doug Taylor Agent Smith Join Date: Dec 1969 Location: KSDL Posts: 39,824 Blog Entries: 1	Re: Delta delays Comair sale until??? "Doot! yar maaaahm! Sweet. Choice." __________________ Doug Taylor http://76school.flyblog.com (old!) http://30west.flyblog.com (updated 11/28)

January 10th, 2008, 02:01	#21
jtrain609 Old Skool Join Date: Feb 2002 Location: Park City, UT Posts: 12,100	Re: Delta delays Comair sale until??? I even threw an "eh" onto the back of my newest attack on mediocrity to make it officially from up north eh! __________________ "I could stand at the end of the line of the general mills cereal plant to make sure that all the lucky charms are up to par for 38k a year." -snickersnwa

January 10th, 2008, 11:06	#24
jtrain609 Old Skool Join Date: Feb 2002 Location: Park City, UT Posts: 12,100	Re: Delta delays Comair sale until??? Yeah but yer Mom is freakin' awesome. __________________ "I could stand at the end of the line of the general mills cereal plant to make sure that all the lucky charms are up to par for 38k a year." -snickersnwa

January 10th, 2008, 11:11	#25
Doug Taylor Agent Smith Join Date: Dec 1969 Location: KSDL Posts: 39,824 Blog Entries: 1	Re: Delta delays Comair sale until??? Yer mom goes to college. __________________ Doug Taylor http://76school.flyblog.com (old!) http://30west.flyblog.com (updated 11/28)

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