On Your Six
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Delta is now looking at possible USAir Aquistion
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blackjack
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http://blogs.wsj.com/deals/2012/01/...rways-as-possible-acquisition-target-sources/
By Gina Chon, Anupreeta Das and Susan Carey
Delta Air Lines is now looking at making a run at US Airways Group, WSJ is reporting, citing people familiar with the matter.
Delta, the world’s No. 2 airline by traffic, also has been assessing a similar move for much-larger American Airlines parent AMR Corp., the people have said. It is working with Goldman Sachs Group Inc. as one of its financial advisers, along with Blackstone Group, the people said.
Delta sees itself as a consolidator in the airline industry and is studying several options, the people added.
Delta has not yet approached US Airways, the No. 5 U.S. airline, and is still weighing which deal if any would make most sense and have the best odds of success, the people familiar with the matter said. Delta’s last transaction was in 2008, when it acquired Northwest Airlines.
Gotta pay for the rest of the rest... http://online.wsj.com/article/SB10001424052970204573704577187373128520982.html#articleTabs=article
By Gina Chon, Anupreeta Das and Susan Carey
Delta Air Lines is now looking at making a run at US Airways Group, WSJ is reporting, citing people familiar with the matter.
Delta, the world’s No. 2 airline by traffic, also has been assessing a similar move for much-larger American Airlines parent AMR Corp., the people have said. It is working with Goldman Sachs Group Inc. as one of its financial advisers, along with Blackstone Group, the people said.
Delta sees itself as a consolidator in the airline industry and is studying several options, the people added.
Delta has not yet approached US Airways, the No. 5 U.S. airline, and is still weighing which deal if any would make most sense and have the best odds of success, the people familiar with the matter said. Delta’s last transaction was in 2008, when it acquired Northwest Airlines.
Gotta pay for the rest of the rest... http://online.wsj.com/article/SB10001424052970204573704577187373128520982.html#articleTabs=article
The Prussian
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Are these not the same two airlines that just last month finalized a slot swap, consolidating DAL's position in LGA, and USAir's position in DCA?? What kind of thinking is going on behind the scenes? :cartman:
http://travel.usatoday.com/flights/post/2011/07/delta-us-airways-slot-swap/178107/1
http://travel.usatoday.com/flights/post/2011/07/delta-us-airways-slot-swap/178107/1
On Your Six
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Didn't the article say that this could be one of the options that they are looking at? I think AMR or parts of it are still out there, and maybe DL would only take a part of the USAir empire, like the PHX op and the westies? The East Stuff looks like a lot of overlap with DL hubs. Both have Shuttles out of LGA, too. Who knows?
Godspeed!
The OYSter
Godspeed!
The OYSter
captainjack
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On Your Six
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Flyby1206
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Delta Air Lines Inc. is studying US Airways Group Inc. as a possible acquisition target, people familiar with the matter said, as U.S. carriers prepare for a new round of consolidation.
Delta, the world's No. 2 airline by traffic, also has been assessing a similar move for American Airlines parent AMR Corp., the people have said.
Delta is working with Goldman Sachs Group Inc. as one of its financial advisers, along with Blackstone Group, the people said.
Delta sees itself as a consolidator in the airline industry and is studying several options, the people added. AMR entered bankruptcy-court protection in late November.
Delta hasn't yet approached US Airways, the No. 5 U.S. airline, and is still weighing which deal if any would make most sense and have the best odds of success, the people familiar with the matter said. Delta's last transaction was in 2008, when it acquired Northwest Airlines.
US Airways is open to being both a buyer or a seller and is expecting Delta to reach out, the people said. US Airways also is looking at a possible tie-up with AMR, US Airways has said. A marriage of US Airways and AMR would form a company on par with Delta or United.
The posturing signals a possible new wave of U.S. airline consolidation, following a string of mergers and acquisitions in the past seven years.
The recent tie-ups have formed larger airlines and reduced the number of major U.S. carriers to five from roughly triple that number 20 years ago.
The consolidation has helped the surviving airlines jettison money-losing routes, raise ticket prices and tighten control on their hub airports.
A Delta-American combo could draw antitrust scrutiny, given the massive size of the merged company.
Delta has conducted an antitrust analysis and believes with concessions, it would have a good chance of obtaining regulatory approval, people familiar with the matter said. AMR is the No. 3 U.S. airline.
The people cautioned that these are very early-stage explorations and any deal, if it happens, may not be reached until a year or so from now.
US Airways has looked for other partners in the past. In 2010, US Airways was in talks with United Airlines but United ended up merging with Continental Airlines to form United Continental Holdings Inc. That was the second time US Airways and United talked about a combination.
In 2006, US Airways made a $8.7 billion hostile bid for Delta when that company was in bankruptcy proceedings, but that effort failed. US Airways itself is the product of a 2005 merger of the old US Airways, which was coming out of bankruptcy, and America West Airlines.
Delta, which is part of the global SkyTeam marketing alliance, likely would try to pull any potential merger partner into its alliance, the people said. Airline alliances let members steer business to each other and, in some cases, link frequent-flier awards and perks.
US Airways is in the Star Alliance, the largest of the global airline marketing groupings, which also counts as a member United Continental.
If US Airways were to merge with another airline, it would be open to joining another alliance, people familiar with the matter said. AMR is part of the Oneworld alliance, the smallest of the global clubs.
Other potential suitors for AMR include private-equity firm TPG Capital, which has experience investing in the airline industry. It isn't clear what role, if any, AMR's main European partner in Oneworld, International Consolidated Airlines Group SA, would seek to play in controlling the fate of AMR. IAG is the parent of British Airways and Spain's Iberia.
Delta, the world's No. 2 airline by traffic, also has been assessing a similar move for American Airlines parent AMR Corp., the people have said.
Delta is working with Goldman Sachs Group Inc. as one of its financial advisers, along with Blackstone Group, the people said.
Delta sees itself as a consolidator in the airline industry and is studying several options, the people added. AMR entered bankruptcy-court protection in late November.
Delta hasn't yet approached US Airways, the No. 5 U.S. airline, and is still weighing which deal if any would make most sense and have the best odds of success, the people familiar with the matter said. Delta's last transaction was in 2008, when it acquired Northwest Airlines.
US Airways is open to being both a buyer or a seller and is expecting Delta to reach out, the people said. US Airways also is looking at a possible tie-up with AMR, US Airways has said. A marriage of US Airways and AMR would form a company on par with Delta or United.
The posturing signals a possible new wave of U.S. airline consolidation, following a string of mergers and acquisitions in the past seven years.
The recent tie-ups have formed larger airlines and reduced the number of major U.S. carriers to five from roughly triple that number 20 years ago.
The consolidation has helped the surviving airlines jettison money-losing routes, raise ticket prices and tighten control on their hub airports.
A Delta-American combo could draw antitrust scrutiny, given the massive size of the merged company.
Delta has conducted an antitrust analysis and believes with concessions, it would have a good chance of obtaining regulatory approval, people familiar with the matter said. AMR is the No. 3 U.S. airline.
The people cautioned that these are very early-stage explorations and any deal, if it happens, may not be reached until a year or so from now.
US Airways has looked for other partners in the past. In 2010, US Airways was in talks with United Airlines but United ended up merging with Continental Airlines to form United Continental Holdings Inc. That was the second time US Airways and United talked about a combination.
In 2006, US Airways made a $8.7 billion hostile bid for Delta when that company was in bankruptcy proceedings, but that effort failed. US Airways itself is the product of a 2005 merger of the old US Airways, which was coming out of bankruptcy, and America West Airlines.
Delta, which is part of the global SkyTeam marketing alliance, likely would try to pull any potential merger partner into its alliance, the people said. Airline alliances let members steer business to each other and, in some cases, link frequent-flier awards and perks.
US Airways is in the Star Alliance, the largest of the global airline marketing groupings, which also counts as a member United Continental.
If US Airways were to merge with another airline, it would be open to joining another alliance, people familiar with the matter said. AMR is part of the Oneworld alliance, the smallest of the global clubs.
Other potential suitors for AMR include private-equity firm TPG Capital, which has experience investing in the airline industry. It isn't clear what role, if any, AMR's main European partner in Oneworld, International Consolidated Airlines Group SA, would seek to play in controlling the fate of AMR. IAG is the parent of British Airways and Spain's Iberia.
LeeRoyJenkins
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johnsonrod
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No way it will happen. Anderson required the pilots to agree on integration before the NWA-DAL merger was complete and there is no way Anderson will want to deal with 3 parties (USAirways East and West and DAL pilots). He will want a smooth integration and that cannot happen considering the hatred between the two USAirways pilot groups. I also agree the LGA/DCA and overlapping East Coast hubs make this idea difficult. Highly doubtful.
Anderson is smart to keep other airlines on their toes when they are potentially competing for the same AA assets.
Anderson is smart to keep other airlines on their toes when they are potentially competing for the same AA assets.
On Your Six
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