Fly-n-hi
Well-known member
- Joined
- Feb 10, 2005
- Posts
- 558
Let's make sure we all understand something. AWA did not aquire AAA. AWA did not have the funds available to do that. The financing came from outside sources and was funnelled through AWA because they were not in bankrupcy at the time. However, had this merger not taken place, AWA would have found themselves in bankrupcy in the not to didtant future.
That's like saying you don't own your house because you had to borrow money to get it. Nope. Its my house until I stop making payments.
AWA borrowed money to aquire US Airways. Same thing.
I wonder how many more times we'll have to explain this.