Hey all,
The one thing the General forgot to mention about any possible CO-DL merger is that it's not possible without the blessing of NW, which won't happen.
Put your way-back machine on 1997, NWA bought something like %25 of CO, with %50.1 of the voting equity. From what I understand, they snatched CO literally right from under DL's nose.
Just after, the CO-NW codeshare started. Then the DOJ got all huffy that NW's shysters were more clever than anyone elses, so they forced NW to divest themselves of most of the CO stock. HOWEVER, NW retained the "golden share" that allows them to veto any transaction regarding mergers or any other "captial" decisions.
But, from what I understand, the CO-NW codeshare has been VERY good for revenue for both carriers. The DL-NW-CO codeshare is doing great, despite being in just the startup stages.
FWIW...
Nu
The one thing the General forgot to mention about any possible CO-DL merger is that it's not possible without the blessing of NW, which won't happen.
Put your way-back machine on 1997, NWA bought something like %25 of CO, with %50.1 of the voting equity. From what I understand, they snatched CO literally right from under DL's nose.
Just after, the CO-NW codeshare started. Then the DOJ got all huffy that NW's shysters were more clever than anyone elses, so they forced NW to divest themselves of most of the CO stock. HOWEVER, NW retained the "golden share" that allows them to veto any transaction regarding mergers or any other "captial" decisions.
But, from what I understand, the CO-NW codeshare has been VERY good for revenue for both carriers. The DL-NW-CO codeshare is doing great, despite being in just the startup stages.
FWIW...
Nu