Not many people outside of the airline industry know this, but Delta Airline owns and operates a lucrative division of private jets. Delta AirElite, as it is known, is the single bright spot in an otherwise dark business environment for this U.S. legacy carrier. Some are speculating that Delta should sell its AirElite business to raise funds and turn around the carrier, but I have another more radical take on things that I believe should be considered instead.
Established in 1984, Delta AirElite has been steadily growing and making money for Delta. While the airline part of the company is rapidly and continually hemorrhaging cash, AirElite continues to make money and grow. Indeed, with a fleet of sought after business jets in its portfolio including the Challenger 300, Gulfstream IV-SP, and Learjet 31A, AirElite is an attractive company for any potential suitor.
Truly, if Delta were to sell AirElite it would only slow the bleeding for Delta, not stop it. With debt totals exceeding $20 billion, a sale of AirElite would likely only fetch the carrier a few hundred million dollars, if that. Last year, Delta sold off its Delta Connection carrier, Atlantic Southeast...
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