All:
Notwithstanding the "bizarre" behavior of this management team, lets look at this from a few angles.
If U has sold the B-737 (whether it be owned or leased) to FedEx. This would allow a cash infusion, who knows how much, and I think it wouldn't be a high enough number to justify several other points that must be considered if this is true. If there are 50 B-737's out there that U had, I don't think too many of them are 300/400's. U put the -200's out to pasture, and there are maybe some other B-737-3/4's out there that U used to have. I don't know how many 737's are currently flying for U.
Lets look at the other issues. If U has sold aircraft, pilots must go with these aircraft. Further, they have a min fleet number. There could be a swap going on, but where U would get 85 Busses with similar enough engines and configs is a complete mystery. The training costs would be high, with almost half the remaining pilot group having to attend an initial or recurrent school on the Bus to get requalified. U's situation is poor, but not bad enough to sell almost a third of the fleet without quick replacement, because the spring season is upon us and it from the latest pax enplanement numbers, U's boarding totals are on the rise. To sacrifice 33% of your hulls during the peak season would certainly be the last nail in the coffin as far as revenue. But from a long term cost perspective, if the aircraft could be replaced quickly, it would be a good idea. We all know of the RVSM requirements and that U B-737's are not compliant. (This is a requirement to upgrade the autopilots and ADC's of the aircraft to allow reduced altitude separation above FL290.) This would save millions in upgrade costs.
Last issue. U management has the unions attention as far as the condition of the competitive environment and the fact that drastic change is required. If this were to be true, and U management is going to throw out contracts and provisions, the cooperation they have "achieved" recently will certainly go down the drain.
My conclusion is that this rumor cannot possibly be true. There could be aircraft in storage that are being disposed of, but current B-737's on the property would be hard to replace quickly. And right now, U needs all the birds it can get.
Boomer