Alaska to buy America West!

[SeaSlam]

I guess the 34% paycuts were for a reason.

http://www.businessweek.com/magazine/content/05_24/b3937128_mz027.htm

 

[SeaSlam]

Originally posted by Boeingman on another thread.

 

[FlyinScotsman]

I don't see it happening!

 

[propsarebest]

Makes sense if ya think about it. remember all the Airbus rumors back in 2002? Remember PM went to US and got typed in the 320/319???


hmmmmmmmmmmmmm

 

[CRJDog]

OMG, I guess those old-fart senior US FA's may have to fight over who will be based in Anchorage.

Hilarious!!

 

[av8instyle]

Look at the date on the article.
Are you SURE it's not a spoof?

I think that date is the date of the next magazine issue.

 

[Formula1]

Or it could have been a typo- (June 13th instead of June 3rd)

 

[Weasil]

Look at the date on the article.
Are you SURE it's not a spoof?

That's the date of issue of that edition of the magazine. Sort of like buying a 2006 model car in 2005.

 

[GuppyPuppy]

Geez...I hope this doesn't happen, at least for my sake. My hopes of flying for Alaska would basically evaporate. Oh well...guess I won't be going back to JNU anytime soon.

GP

 

[On Your Six]

I don't think Parker would go for it. He's an empire builder now and he wants access to the entire Continental US - not just build upon AWA's current West Coast strength... Alaska is testing the waters now that it has so much CASH freed up from pilots' wallets...

 

[spitfire1500]

I don't think Parker would go for it. He's an empire builder now and he wants access to the entire Continental US - not just build upon AWA's current West Coast strength... Alaska is testing the waters now that it has so much CASH freed up from pilots' wallets...

Parker wont have a choice...it states Alaska"buying" America West not merging.

 

[J32driver]

Holy crap. Can you even begin to imagine how to handle the union integrations now?

 

[AA717driver]

Alaska wants to achieve "critical mass". That means, bone up on bankruptcy law and get your resume ready... TC

 

[On Your Six]

Alaska wants to achieve "critical mass". That means, bone up on bankruptcy law and get your resume ready... TC

AWA and US have complementary route strucutres and a more "logical" fit. AWA and AS don't have complementary routes. I don't see it happening.

 

[General Lee]

The aquisition would be a "poison pill" so nobody would try buying Alaska. Will there be eventual integration? I don't know, but anyone trying to buy Alaska would have to buy AWA/USAir too. Interesting strategy.



Bye Bye--General Lee

 

[MK82Man]

Full text of article

In case you missed the actual article. We are in for a "roller coaster" ride for the next 30 days as any and all offers come to the table.

Buisness Week Online
JUNE 13, 2005
INSIDE WALL STREET
Alaska Air: Circling Over The America West Deal

A third airline may yet join the America West Holdings-US Airways (UAIRQ ) party. On May 19, the two airlines announced final plans to merge and form a new company of which America West (AWA ) shareholders would own 45%. Analysts put the value of the deal at $6 per America West share. Now some pros close to the industry say Alaska Air Holdings (ALK ), which owns Alaska Airlines, may make a bid to buy AWA, without disturbing the proposed merger, leaving Alaska the bigger shareholder in the new merged company. Vincent Carino, president of Brookhaven Capital Management, which owns AWA and Alaska shares, says: "Alaska's top management is considering a move to buy America West to gain critical mass and to better compete in the fiercely competitive industry -- and avoid being a takeover target itself." One major West Coast airline analyst, who didn't want to be named, says it would be "a great deal." Alaska's management "is capable of doing it -- and it should," he says. Alaska's market cap is $780 million, vs. AWA's $107 million. Alaska's stock is up from 18 last Aug. 9 to 28 on June 1. Carino says Alaska could use its stock as currency to buy AWA, now 5.72 a share, possibly at 7 a share. Alaska declined comment; AWA didn't return calls

 

[Hpilot]

OH &%*@!%**@!

Yes I work for America West...uh no I mean US Air......uhhhhhh wait no I'm uhhh a furloughed Alaska pilot ahh I think. I'm confused. I think I'll go mow the lawn and try and forget I read this.

 

[DASHDRIVER]

I need a drink...

 

[Tomct]

Good luck guys.....it is getting crazy out there!

 

[On Your Six]

Maybe Horizon will take the place of Mesa and throw JO out on his a$$........... Yeah, this could become complicated. Imagine that seniority integration if it happened.