What we are doing is selling an investment that has been a very good one for us. It’s up threefold since we initially started buying stock.
—Hannes Smarason
What we’ve said in the past is that we look at this as an investment. We didn’t have any specific plans for making a bid, but there was just a lot of speculation out there.
Aviation is notoriously cyclical….it’s a question of capital allocation and not having all our eggs in the same basket.
I wouldn’t rule out further investments within those categories.
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