Chapter 183

It is well known how bad the airline business is.

The speech by the president of Cayman Capital made this deal the headline news of the next day.

Under the media's hype, Pan Am seems to have become a hot spot in the stock market.

Some experts also called on stockholders to remain rational.

Don't follow the trend easily. It depends on what actions Cayman Capital will take after acquiring Pan Am.

Cayman Capital has already responded.

The staff team has already given a plan, and the first thing to do is to sell its fleet to Sanshi Group.

This includes 18 Boeing 747s and 7 Boeing 737s.

The price is 2 billion US dollars.

The second thing is to sell the InterContinental Hotel to the Sakurajima Hoshino Group in a package.

The price is 800 million US dollars.

Public opinion was in an uproar. Everyone thought that after Cayman Capital bought these assets, it would lease them to Pan Am for continued management.

But Cayman pretended to squeeze out the last bit of value from Pan Am.

It doesn't look like they are going to run Pan Am properly.

The investors who were watching were very disappointed and said, "Capitalists are deceiving."

Cayman Capital took the opportunity to buy back some Pan Am shares.

Robert saw that the matter was almost fermented, so he asked his subordinates to hold a press conference.

The reporters bombarded Robert.

Robert, holding the microphone, had to raise his voice:

"Everyone, please be quiet. I will answer your questions one by one."

"Sir, may I ask if Cayman is cashing in on Pan Am's large-scale sale of its legacy?"

You should know that Cayman acquired Pan Am for 3.5 billion US dollars and sold it for 2.8 billion the next day.

It's almost like making money out of nothing.

"Yes, I am cashing in."

There was an uproar below.

"Don't you want to explain yourself?"

Just admitting to cashing in assets, how can we cooperate with you?

"There is a reason for the rush to cash out.

We have done market research and found that Pan Am's assets are very bloated.

The aircraft are seriously aging and a large number of routes are in a loss-making state.

So the first thing Cayman did after taking over Pan Am was to slim it down.

At the same time, we will lend the money from the sale to Pan Am!"

The reporters were very excited to hear this.

The most important thing for a company is to have sufficient cash flow. As long as the cash flow is sufficient, it can continue to operate no matter how much debt it owes.

The key point is to borrow money.

When there are assets as collateral, banks will naturally open their doors to do business.

The difficulty lies in the fact that there are no assets to pledge, and the capital market has completely closed its doors.

Now Cayman Capital has lent Pan Am 2.8 billion US dollars, which means that the company can be revitalized and continue to operate.

"I personally found the presidents of Boeing and Airbus and negotiated a new major cooperation. We will purchase Boeing 767 dual-pilot aircraft and participate in the development of Boeing 777.

We will also complete the order of 5 Airbus A320s."

As for the price of the aircraft, it is confidential.

Most airlines do not purchase aircraft at the list price, and they will get a huge discount on the basis of the list price.

And the content of the negotiation is confidential, and the agreed price will not be announced to the public.

This allows a lot of room for operation.

Hearing this, reporters all felt that Pan Am would take off under the operation of Cayman Capital.

Both Boeing 767 and Airbus A320 were extremely competitive in the early 1990s, and they were the top models of the two companies.

The reason why Pan Am was eliminated by the market.

A large part of the reason is that the model is aging and lacks market competitiveness.

"We will also streamline the acquired aircraft crews, and the remaining aircraft will be leased to Pan Am at a preferential price.

Because Pan Am is going bankrupt and reorganizing, we have streamlined the service personnel of the aircraft and will hire new flight attendants from the society!"

The male reporters all showed a look that all men understand.

Pan Am was a model of civil aviation before the 1980s, using beautiful flight attendants to please the passenger group that was still mainly male at that time.

In promotional posters and advertisements, flight attendants often pose seductively to attract passengers with their feminine charm.

Applying for flight attendants is like a beauty pageant.

But everything has changed because of women's boxing, and flight attendants cannot be fired for improper reasons such as age and body shape.

Young and tender bodies will always get old one day, and flight attendants have become a major landscape of European and American civil aviation.

Robert said that they are going to recruit new flight attendants on a large scale!

At this point, Robert also smiled.

Because of the women's boxing movement, flight attendants have become an old profession, and major civil aviation companies are very distressed about this. This is a profession that relies on youth, but it has beenA group of stewardesses occupied the seats.

Then the airlines found a bigger problem.

You should know that the salary of most service industries is linked to the length of service.

The stewardesses have worked for a long time, and their salary has also risen with their age.

Their salary naturally increased the operating costs of the airlines.

Now Pan Am has gone bankrupt, and many people have become part of the company's restructuring and optimization during the restructuring.

The reporters present all realized that the younger stewardesses will become part of Pan Am's core competitiveness.

A reporter immediately raised his hand and asked:

"Sir, does Cayman Capital have plans to resume trading of Pan Am?"

Everyone was stunned. With Cayman Capital's three axes, Pan Am has a tendency to be reborn like a phoenix.

If this is not good news, what is good news?

As long as Pan Am resumes trading, the stock price will definitely soar wildly!

Robert smiled and answered loudly:

"In fact, Pan Am's new management team has recently submitted an application for resumption of trading to the US Securities and Exchange Commission and relevant departments."

"I believe it won't be long before Pan Am will be relisted on the New York Stock Exchange!"

The reporters all applauded.

Today's press conference is very important, enough for them to go back and do a special report on Pan Am.

Cayman Capital is worthy of being one of the top ten investment banks.

The dozens of aircraft sold not only greatly optimized the flight group, but also brought sufficient cash flow to Pan Am.

Young aviation service personnel greatly reduced the company's salary expenditure and brought competitiveness to Pan Am.

The sale of branded hotels can also be understood as Pan Am's determination to focus on the aviation industry.

Cayman Capital has done a great job in both increasing revenue and reducing expenditure.

The commercial newspaper reporters present realized that Cayman Capital made a lot of money in this acquisition transaction.

It is equivalent to getting a long-established listed company without spending a penny.

After a few good news, Pan Am's stock price is conservatively estimated to increase by more than ten times!

You should know that Pan Am's closing price was less than $1 for 30 consecutive days before bankruptcy.

Some people also remember that Cayman Capital has a lot of layout in the energy industry, which means that Pan Am, which is in the same matrix, will get the most favorable oil price!

While other airlines are racking their brains to reduce fuel consumption, Pan Am has already won at the starting line.