Atlas to be sold? Hmmm...

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08-01-2022, 12:08 PM

NoJoy

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Atlas to be sold? Hmmm...

Interesting news if accurate. Let’s hope it does not go through-

https://seekingalpha.com/news/386397...-worldwide-wsj
Atlas Air Worldwide (NASDAQ:AAWW) +13.9% in Monday's trading after The Wall Street Journal reported a group led by Apollo Global Management (NYSE:APO) is in advanced talks to buy the company.

A deal could come soon assuming talks do not fall apart, according to the report, which did not provide any potential deal specifics.

08-01-2022, 12:16 PM

flyguy23

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Meet the new boss, same as the old boss.

08-01-2022, 12:27 PM

Elevation

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Investment firms often use airlines to cross-subsidize failing investments (North American). I'd look at the state of their other assets to see what this means for our airline.

08-01-2022, 12:40 PM

NoJoy

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Apollo Global Management also owns Sun Country, since 2017. Or did. Interesting

08-01-2022, 12:50 PM

BrazilBusDriver

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Looks like they've also dabbled in aircraft leasing and have loaned money to Air France (for parts stock) and AeroMexico (for reorganization).

08-01-2022, 01:15 PM

Elevation

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Aeromexico and Sun Country still exist, so at least there's that.

08-01-2022, 01:24 PM

TiredSoul

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All we need (again) is Management that have no affinity with the product.

08-01-2022, 01:32 PM

dera

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Quote:

Originally Posted by TiredSoul

All we need (again) is Management that have no affinity with the product.

For now we don't know if they will change the management.

08-01-2022, 01:42 PM

ACMIguy

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For what’s it’s worth some of their investments are extremely successful (Caesars, AMC). Sun Country has grown substantially during the period of Apollo’s investment. So maybe it’s a good thing? 🤞

08-01-2022, 01:46 PM

#10

Atlasvet

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Quote:

Originally Posted by Elevation

Aeromexico and Sun Country still exist, so at least there's that.

They have their hands in 512 billion in assets, plenty of successful ventures, Harrahs (Caesar’s Palace) AMC theaters, a couple of cruise lines, Yahoo, ADT, etc. It will be interesting to see what impact they have if it goes through.