You saved on your car insurance?
Sorry, couldn't resist that one.
Anways, actually devoted a little bit of brain power to IAHL last night and can't see where there is any problem with the story we are getting other than it being a complete fabrication.
I'm still betting that there is more truth than fantasy here. I also am wondering what the deal structures are. I've got a sneaking suspicion that the deal isn't a straight forward purchase or merger. I'm thinking that there are some creative minds at work and are going to come up with something a little outside the norm.
What still comes to mind is the fact that IAHL apparently used no less than two different companies that specialize in mergers and acquisitions and they were booked as Q4-07 business. One of those firms specializes in aeronautical deals. I'm thinking that at least the Thrush deal has been in the works for a whole lot longer than we have been aware. I'm thinking that IAHL might have been formed FOR the Thrush deal. Really, once it was announced, it had to have been pretty far along.
I'm also thinking that Integrity was a cover story at the outset. I don't think Integrity isn't viable, I just think that Integrity wasn't the center piece of IAHL. The press releases about HAL(?) in India building Honeywell engines makes me believe that there is progress on the Integrity and that there is more going on than we know about. That press release about the outsourcing of engines to India mentions IAHL specifically. It pretty much ties them to Honeywell and affords them some legitimacy. Since the Indian company and Honeywell both have reputations they likely wish to maintain, I doubt that they would include a sham customer.
I also haven't seen Thrush distance itself from IAHL in the least bit. You deny rumors that could hamper your future. Thrush wants to grow and you don't grow by essentially taking yourself off the market by being involved in a deal.
