Originally Posted by
MickG0105
That's right, I had forgotten about that little gem - an eventual value of between $1 billion and $1.6 billion 3-4 years after capital city flights commenced.
Does Rex even have someone running Loyalty these days? (Loyalty as in frequent flyer, rather than the usually required fealty to LKH).
Mick, do PAG have an exit clause in all of this? One without significant financial penalty to itself?
You would assume PAG didn’t plan on financing Saab issues, even if they planned this investment as being short term. Mother was about everything but the Saab, it was just meant to operate as it does in the back. Approaching the end of the term, they have a highly unprofitable Saab operation and a Jet operation which cannot make money. All going to plan….nope.