There was some speculation on the other board re World Airways buying Xtra. Here are my thoughts.....
Cert I dont think World Airways is a fit and here is why. Time will tell.
1. They are not starving for cash they have better options
2. They did not bid on Songbird which tells me they are not interested in the these type of opportunities
3. World Airways announced they will be buying 10 new Boeing 787 Dreamliners unit cost is $240 to $325 million a piece, this is not an emerging market scrapping for cash type start up.
4. Instead of buying 10 in point 3, there are other low class carriers out there that are near breakeven that could be approached for sale by World, World doesnt have to wait for a Xtra for sale sign if thats the sub market they wanted to get into.
5. The syndicate of investors for World probably made a committment to them based on the 10 new Boeing order business plan and platform, how would they react to know that World is in the bid for Xtra starting and inheriting it off with a non money making business.
6. What are Worlds chances of passing with certification with a new 787 plane and doing it themselves, I am sure the probability of a pass are far greater with a new plane and the cost associated with that vs the cost of buying Xtra. The ratios of pass with this scenario must be in the 80 to 100% there must be data out there for prove that.
7. With the above in mind and the fact that World seems to be headed in the luxury new type market, I dont think they want to start of their business and brand with an Xtra tag.
8. The Xtra cert comes with a 737 plane.
9. World did not buy the 7 planes from Xtra that Swift bought.
10. Seems like they want to open up and hit the market with a new Rolls Royce Phantom not a 20 year old Civic. Branding is most important to these type of guys and the investor group committed funds based on that most likely.
https://worldairways.com/news/world-airways-h...ld-airways
Lets see what happens, but Xtra and World are not a fit imo, if there are others like BLTA in that emerging market segment, then that would be more of a fit imo.
Any feedback and analysis re the above from you Cert is always appreciated.
Cert I dont think World Airways is a fit and here is why. Time will tell.
1. They are not starving for cash they have better options
2. They did not bid on Songbird which tells me they are not interested in the these type of opportunities
3. World Airways announced they will be buying 10 new Boeing 787 Dreamliners unit cost is $240 to $325 million a piece, this is not an emerging market scrapping for cash type start up.
4. Instead of buying 10 in point 3, there are other low class carriers out there that are near breakeven that could be approached for sale by World, World doesnt have to wait for a Xtra for sale sign if thats the sub market they wanted to get into.
5. The syndicate of investors for World probably made a committment to them based on the 10 new Boeing order business plan and platform, how would they react to know that World is in the bid for Xtra starting and inheriting it off with a non money making business.
6. What are Worlds chances of passing with certification with a new 787 plane and doing it themselves, I am sure the probability of a pass are far greater with a new plane and the cost associated with that vs the cost of buying Xtra. The ratios of pass with this scenario must be in the 80 to 100% there must be data out there for prove that.
7. With the above in mind and the fact that World seems to be headed in the luxury new type market, I dont think they want to start of their business and brand with an Xtra tag.
8. The Xtra cert comes with a 737 plane.
9. World did not buy the 7 planes from Xtra that Swift bought.
10. Seems like they want to open up and hit the market with a new Rolls Royce Phantom not a 20 year old Civic. Branding is most important to these type of guys and the investor group committed funds based on that most likely.
https://worldairways.com/news/world-airways-h...ld-airways
Lets see what happens, but Xtra and World are not a fit imo, if there are others like BLTA in that emerging market segment, then that would be more of a fit imo.
Any feedback and analysis re the above from you Cert is always appreciated.
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