Airtran won't try another hostile takeover

[fmr727drvr]

AirTran backs off from hostile takeovers

February 4, 2008



AirTran Holdings Inc. is still smarting from its failed attempt to snap up Midwest Air Group through a hostile takeover last year. The Orlando company, the parent of low-cost carrier AirTran Airways, doesn't plan to look for new prey any time soon. "You won't see us do another hostile deal in the future," AirTran President and Chief Executive Officer Bob Fornaro told analysts last week. "One of the things we learned about buying another carrier is, it's hard to do a hostile deal. To some degree, they [Midwest executives] made a decision to sell their company to anybody but us." Last week, regulators gave final approval to a Midwest takeover group that includes Northwest Airlines.

 

[Capt.LongThrust]

How many jobs will be lost now? Kinda sad for Midwest.

 

[CitationLover]

How many jobs will be lost now? Kinda sad for Midwest.

and air tran. slowing growth, selling airplanes so any future growth is at the back of the boeing line.

 

[fletch717]

and air tran. slowing growth, selling airplanes so any future growth is at the back of the boeing line.

I believe you left out the word possibly. AirTran has the ability to adapt quickly. I sure we will do what it takes to remain profitable.

 

[400ADude]

I believe you left out the word possibly. AirTran has the ability to adapt quickly. I sure we will do what it takes to remain profitable.

How about a paycut?

 

[fmr727drvr]

I think BF's comments shouldn't come as a surprise. I just focus on the word "hostile". I'm sure there are some willing partners out there, and that is always a possibility. You get more bees with honey than vinegar.

 

[Kharma Police]

How about a paycut?

Which company do you fly your little B!tch-Jet for?

 

[400ADude]

Which company do you fly your little B!tch-Jet for?

Don't fly it anymore.

 

[Kharma Police]

Don't fly it anymore.

Good for you, maybe you got to step up to the Hawker or Citation?

 

[fletch717]

yes 400a you are so much better than the rest of us. your are a superior pilot and you have the best flying job in the world. Thanks for stopping by to let us all know how great your life is.

 

[CitationLover]

I believe you left out the word possibly. AirTran has the ability to adapt quickly. I sure we will do what it takes to remain profitable.

i hope you do. all i ask is get some great 717 rates before we enter our negotiations.