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.
—Hannes Smarason
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.
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.
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