The acquisition if it goes ahead will be interesting. What is there to buy tho'? Most of the Dash8 airframes are now leased, the (Bentley Boy-as referred to in another thread) has been steadily selling out of the country, Twin Otters, lots of property etc.
I can imagine the new major shareholder will buy his shares and get at least 3 seats on the board, the company will maintain its listing on the POMSOX. The new major shareholder will take over management; you will see lots of people from the Philippines running the show and assisting in the set up of the ATR operation.
I can imagine there will be a few changes in the management and operational ranks, replaced with Pilipinos. not sure if it will be a good thing or not, they certainly are getting the control at a bargain price if it happens. That's what rich people do though, take distressed companies and turn them around and make money down the track. Good luck all.
At least Airfares to Cebu will be cheaper.
Socks first as always
Midvale school for the gifted class of 65