storminpilot
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http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh68442_2004-10-14_05-42-18_n14132555_newsml
America West eyes merger with ATA Holdings - WSJ
Thu Oct 14, 2004 01:42 AM ET
NEW YORK, Oct 14 (Reuters) - America West Airlines (AWA.N: Quote, Profile, Research) is in talks to acquire all or part of low-cost carrier ATA Airlines (ATAH.O: Quote, Profile, Research) , the Wall Street Journal reported on Thursday, citing unnamed sources.
The Journal, which spoke to people familiar with the matter, did not specify how much America West would pay for the debt-heavy, Indianapolis-based carrier, which is struggling to restructure its finances.
The report said that other airlines have shown interest in ATA, whose market value is about $31 million, with AirTran Airways -- a rival low-cost air carrier -- having held preliminary talks with the air carrier.
The U.S. airline industry has lost more than $30 billion since the Sept. 11 attacks on New York and Washington. Network carriers such as UAL Corp.'s (UALAQ.OB: Quote, Profile, Research) United and US Airways (UAIRQ.OB: Quote, Profile, Research) are operating under Chapter 11 bankruptcy protection, and No. 3 U.S. carrier Delta Air Lines (DAL.N: Quote, Profile, Research) is fighting to avoid bankruptcy. Phone calls seeking comment from representatives for ATA and America West were not immediately returned early Thursday.
America West eyes merger with ATA Holdings - WSJ
Thu Oct 14, 2004 01:42 AM ET
NEW YORK, Oct 14 (Reuters) - America West Airlines (AWA.N: Quote, Profile, Research) is in talks to acquire all or part of low-cost carrier ATA Airlines (ATAH.O: Quote, Profile, Research) , the Wall Street Journal reported on Thursday, citing unnamed sources.
The Journal, which spoke to people familiar with the matter, did not specify how much America West would pay for the debt-heavy, Indianapolis-based carrier, which is struggling to restructure its finances.
The report said that other airlines have shown interest in ATA, whose market value is about $31 million, with AirTran Airways -- a rival low-cost air carrier -- having held preliminary talks with the air carrier.
The U.S. airline industry has lost more than $30 billion since the Sept. 11 attacks on New York and Washington. Network carriers such as UAL Corp.'s (UALAQ.OB: Quote, Profile, Research) United and US Airways (UAIRQ.OB: Quote, Profile, Research) are operating under Chapter 11 bankruptcy protection, and No. 3 U.S. carrier Delta Air Lines (DAL.N: Quote, Profile, Research) is fighting to avoid bankruptcy. Phone calls seeking comment from representatives for ATA and America West were not immediately returned early Thursday.
