General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
"I actually voted for the bill, before I voted against it...." John Kerry in a political ad.
It now seems the USAtoday GOT IT ALL WRONG WITH DOUG PARKER. They misread him. With all of those staff members there, and the journalists, they still got it wrong......His PR firm browned their collective shorts when they read the headlines I guess.....
US Airways: We're committed to Delta merger
Charlotte Business Journal - 5:45 PM EST Wednesday
by David Mildenberg
Staff Writer
US Airways Group Inc. is fully committed to its $8.7 billion proposed takeover of Delta Air Lines even if Delta executives aren't convinced of the deal's merits, US Airways President Scott Kirby said Wednesday.
Kirby said USA Today misinterpreted comments by US Airways Chief Executive Officer Doug Parker in a Wednesday story headlined, "US Airways won't fight over Delta deal."
In that article, Parker is quoted saying, "We have to get to a point where we are all working together on this, or it's not going to happen. This is all about convincing Delta's management that this plan makes sense."
But in an interview with the Charlotte Business Journal Wednesday, Kirby said that Parker didn't suggest US Airways was stepping back or waiting for approval of a deal by Delta CEO Gerald Grinstein.
Parker was emphasizing his sincere desire that Delta's leadership support US Airways' plan because of benefits to employees, customers, creditors and investors, Kirby added.
"We are absolutely committed to this transaction," Kirby said.
In a written statement released Wednesday afternoon, Parker says: "We at US Airways are fully committed to our proposal to merge with Delta. We are pleased to have had the opportunity to meet with Delta's management and the official unsecured creditors' committee over the past week. We believe that our discussions have shown that our proposed merger of US Airways and Delta can be achieved, and that if achieved will create a strong, healthy airline..."
Grinstein has repeatedly declared his opposition to a merger. In his first press interview since the Nov. 15 announcement, Grinstein told the Washington Post Tuesday that a merger would hurt consumers through reduced competition and higher fares.
US Airways (NYSE: LCC) and Delta (Pink Sheets: DALRQ) are trying to convince creditors, regulators and legislators of the benefits of their competing plans. Atlanta-based Delta hopes to emerge from Chapter 11 bankruptcy reorganization early next year as an independent carrier.
Kirby noted that Delta's creditors hold the airline's fate in their hands, making the management opposition less important than in non-bankruptcy mergers.
Bye Bye--General Lee
It now seems the USAtoday GOT IT ALL WRONG WITH DOUG PARKER. They misread him. With all of those staff members there, and the journalists, they still got it wrong......His PR firm browned their collective shorts when they read the headlines I guess.....
US Airways: We're committed to Delta merger
Charlotte Business Journal - 5:45 PM EST Wednesday
by David Mildenberg
Staff Writer
US Airways Group Inc. is fully committed to its $8.7 billion proposed takeover of Delta Air Lines even if Delta executives aren't convinced of the deal's merits, US Airways President Scott Kirby said Wednesday.
Kirby said USA Today misinterpreted comments by US Airways Chief Executive Officer Doug Parker in a Wednesday story headlined, "US Airways won't fight over Delta deal."
In that article, Parker is quoted saying, "We have to get to a point where we are all working together on this, or it's not going to happen. This is all about convincing Delta's management that this plan makes sense."
But in an interview with the Charlotte Business Journal Wednesday, Kirby said that Parker didn't suggest US Airways was stepping back or waiting for approval of a deal by Delta CEO Gerald Grinstein.
Parker was emphasizing his sincere desire that Delta's leadership support US Airways' plan because of benefits to employees, customers, creditors and investors, Kirby added.
"We are absolutely committed to this transaction," Kirby said.
In a written statement released Wednesday afternoon, Parker says: "We at US Airways are fully committed to our proposal to merge with Delta. We are pleased to have had the opportunity to meet with Delta's management and the official unsecured creditors' committee over the past week. We believe that our discussions have shown that our proposed merger of US Airways and Delta can be achieved, and that if achieved will create a strong, healthy airline..."
Grinstein has repeatedly declared his opposition to a merger. In his first press interview since the Nov. 15 announcement, Grinstein told the Washington Post Tuesday that a merger would hurt consumers through reduced competition and higher fares.
US Airways (NYSE: LCC) and Delta (Pink Sheets: DALRQ) are trying to convince creditors, regulators and legislators of the benefits of their competing plans. Atlanta-based Delta hopes to emerge from Chapter 11 bankruptcy reorganization early next year as an independent carrier.
Kirby noted that Delta's creditors hold the airline's fate in their hands, making the management opposition less important than in non-bankruptcy mergers.
Bye Bye--General Lee
Last edited:
TC
