Guest Simcoe Posted September 23, 2003 Share Posted September 23, 2003 Meanwhile, WJ just plopped another $125m in the bank at $24.25 a share. If they exercise the Ontario Teachers deal, they have something like $350 million cash and a fleet of 40 airplanes. They are also buying two more 700's for delivery in 2004. What was the purpose of Zip? To stop WestJet's growth? And what of the unstoppable juggernaut that was Tango now down to a paltry 15 or so round trips a day.... Another huge success for Milty and the gain. Never fear. They'll be deservedly swept out by whoever wants to gamble with a $700m investment into a high cost carrier. It seems $700m doesn't seem like a whole lot for an airline that lost $624 million in the first half of the year and operates 300 aircraft. How many bookstores did Chapters mothball after Heather took over? http://www.theglobeandmail.com/servlet/story/RTGAM.20030922.wbwestjet0922/BNStory/Business/ Link to comment Share on other sites More sharing options...
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