Eagle757shark
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by OrlandoSentinel.com
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.
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.
