DOJ Approves Midwest/Northwest/TPG Deal

[scarlet]

MEH has what 6-8 profitable routes..LGA, BOS, FLL, ATL,

Now Airtran comes into MKE to go into LGA BOS BWI
ATL SEA SAN LAS ,, and several FL locations..??

BUH BYE MEH...

 

[General Lee]

Hey General,
Hate to break it to ya, but NWA may acquire Delta...gasp... Who made more money last year?

Show me one analyst that states that. Every article that I have read has it the other way around. One even said Air France was looking at loaning Delta some seed money to help buy NWA. If you need any of these articles, just tell me---I will show you. But, I would like to see ones with your version of what may happen.

And, it doesn't really matter who made more money last year.

Here's an example of what I mean. Please offer your article that states Northwest would buy Delta. I would love to see anything you could provide. I am not saying it would happen this way, but these analysts know a heck of a lot more than you or I do about this possibility. Please show me.


Airline deal would still fly: Northwest sale to Delta won't stop buyout of Midwest, executive says Thursday, January 17, 2008; Posted: 04:56 AM

}Jan 17, 2008 (Milwaukee Journal Sentinel - McClatchy| news | PowerRating | PR Charts -- Any sale of Northwest Airlines Corp. to Delta Air Lines Corp. would not affect the pending sale of Midwest Air Group Inc. to Northwest and a Texas investment firm, a Midwest Air executive said Wednesday.
The Oak Creek parent of Midwest Airlines still expects to complete its $451.8 million sale to TPG Capital and Northwest by Jan. 31, said Carol Skornicka, senior vice president of corporate affairs.
Northwest is in talks with Delta regarding a possible merger, House Transportation Committee Chairman James Oberstar (D-Minn.) said in remarks first reported by the Minneapolis Star Tribune. Oberstar generally does not favor airline consolidation and would likely hold hearings on any proposed merger, said his spokesman, Jim Berard.
Meanwhile, the sale of Midwest Air to TPG/Northwest is still being reviewed by U.S. Department of Justice antitrust regulators.
TPG Capital, a private equity firm based in Fort Worth, Texas, would own a 53% stake in Midwest Air. Eagan, Minn.-based Northwest would own a 47% stake but would not participate in management or control of Midwest. Northwest would have the option to eventually buy TPG's stake.
Midwest Air, through Midwest Airlines and regional carrier Midwest Connect, holds a 54.1% market share at Mitchell International Airport, according to airport data. Northwest is the No. 2 carrier at Mitchell, with a 12.6% market share, and Delta is No. 4, at 6.6%.
The No. 3 carrier at Mitchell International, with a 7.2% share, is AirTran Holdings Inc. of Orlando, Fla. AirTran in August dropped its takeover campaign for Midwest Air after being outbid by TPG/Northwest.
"We see no impact from these discussions on (Department of Justice) approval of our transaction," Skornicka said. "Keep in mind that we are not merging with Northwest at this time. If that would happen down the road, the DOJ would be required to conduct a fresh analysis that would include then-current market conditions."
A Northwest spokesman declined to comment, and a Delta spokesman couldn't be reached for comment.
Some airline industry analysts said reports of Delta's interest in buying either Northwest or UAL Corp., the Chicago-based parent of United Airlines, could affect the Midwest Air sale.
"In my opinion, everything could be up in the air if things start to move along these lines," said Ray Neidl of Calyon Securities in New York.
A Northwest sale to Delta offers greater opportunities to cut costs than a sale of United to Delta, according to an analysis conducted by Morningstar Corp., a Chicago investment research company.
But Delta executives might be concerned that Northwest's planned 47% stake in Midwest Air, along with Northwest's option to buy Midwest, would cause problems in gaining antitrust approval for Delta to buy Northwest, said Marisa Thompson of Morningstar.
Under that scenario, a combined Delta/Northwest/Midwest could eventually control over 73% of the market at Mitchell International. Delta executives would likely seek assurances from Northwest that such a scenario wouldn't hurt the chances of a Delta/Northwest merger gaining antitrust approval, Thompson said.




Bye Bye--General Lee

 

[Superpilot92]

Show me one analyst that states that. Every article that I have read has it the other way around. One even said Air France was looking at loaning Delta some seed money to help buy NWA. If you need any of these articles, just tell me---I will show you. But, I would like to see ones with your version of what may happen.

And, it doesn't really matter who made more money last year.

Here's an example of what I mean. Please offer your article that states Northwest would buy Delta. I would love to see anything you could provide. I am not saying it would happen this way, but these analysts know a heck of a lot more than you or I do about this possibility. Please show me.


Airline deal would still fly: Northwest sale to Delta won't stop buyout of Midwest, executive says Thursday, January 17, 2008; Posted: 04:56 AM

}Jan 17, 2008 (Milwaukee Journal Sentinel - McClatchy| news | PowerRating | PR Charts -- Any sale of Northwest Airlines Corp. to Delta Air Lines Corp. would not affect the pending sale of Midwest Air Group Inc. to Northwest and a Texas investment firm, a Midwest Air executive said Wednesday.
The Oak Creek parent of Midwest Airlines still expects to complete its $451.8 million sale to TPG Capital and Northwest by Jan. 31, said Carol Skornicka, senior vice president of corporate affairs.
Northwest is in talks with Delta regarding a possible merger, House Transportation Committee Chairman James Oberstar (D-Minn.) said in remarks first reported by the Minneapolis Star Tribune. Oberstar generally does not favor airline consolidation and would likely hold hearings on any proposed merger, said his spokesman, Jim Berard.
Meanwhile, the sale of Midwest Air to TPG/Northwest is still being reviewed by U.S. Department of Justice antitrust regulators.
TPG Capital, a private equity firm based in Fort Worth, Texas, would own a 53% stake in Midwest Air. Eagan, Minn.-based Northwest would own a 47% stake but would not participate in management or control of Midwest. Northwest would have the option to eventually buy TPG's stake.
Midwest Air, through Midwest Airlines and regional carrier Midwest Connect, holds a 54.1% market share at Mitchell International Airport, according to airport data. Northwest is the No. 2 carrier at Mitchell, with a 12.6% market share, and Delta is No. 4, at 6.6%.
The No. 3 carrier at Mitchell International, with a 7.2% share, is AirTran Holdings Inc. of Orlando, Fla. AirTran in August dropped its takeover campaign for Midwest Air after being outbid by TPG/Northwest.
"We see no impact from these discussions on (Department of Justice) approval of our transaction," Skornicka said. "Keep in mind that we are not merging with Northwest at this time. If that would happen down the road, the DOJ would be required to conduct a fresh analysis that would include then-current market conditions."
A Northwest spokesman declined to comment, and a Delta spokesman couldn't be reached for comment.
Some airline industry analysts said reports of Delta's interest in buying either Northwest or UAL Corp., the Chicago-based parent of United Airlines, could affect the Midwest Air sale.
"In my opinion, everything could be up in the air if things start to move along these lines," said Ray Neidl of Calyon Securities in New York.
A Northwest sale to Delta offers greater opportunities to cut costs than a sale of United to Delta, according to an analysis conducted by Morningstar Corp., a Chicago investment research company.
But Delta executives might be concerned that Northwest's planned 47% stake in Midwest Air, along with Northwest's option to buy Midwest, would cause problems in gaining antitrust approval for Delta to buy Northwest, said Marisa Thompson of Morningstar.
Under that scenario, a combined Delta/Northwest/Midwest could eventually control over 73% of the market at Mitchell International. Delta executives would likely seek assurances from Northwest that such a scenario wouldn't hurt the chances of a Delta/Northwest merger gaining antitrust approval, Thompson said.




Bye Bye--General Lee

You pick and chose words all you want but you keep saying "Acquire" when everyone knows IF it happens it will be a stock swap Merger. I have highlighted in red other words of interest since you didnt Underline those

 

[737 Pylt]

<SIGH!> Tomato, tomaato!
Who gives a frog's fat ass who bought/merged/slept with.....In the end it would be by ALPA merger policy!
Stop splitting hairs over stuff you guys have ZERO control over. Superpilot 92, correct me if I'm wrong, but are you not even hired yet???

737

 

[General Lee]

You pick and chose words all you want but you keep saying "Acquire" when everyone knows IF it happens it will be a stock swap Merger. I have highlighted in red other words of interest since you didnt Underline those

It's in the title of the article. Give me a break. You haven't even started there yet, sheesh. Did you say you will likely get the FE slot on a 742? Wow, that ought to be interesting.

Bye Bye--General Lee

 

[Superpilot92]

Tell me where i posted something incorrect so i can check my accuracy? Look i managed to get the general to use 2 of his screen names in one thread!! 737pylt and the general!! I disagree with your, gasp, "opinion" dont get bent.

 

[Superpilot92]

<SIGH!> Tomato, tomaato!
Who gives a frog's fat ass who bought/merged/slept with.....In the end it would be by ALPA merger policy!
Stop splitting hairs over stuff you guys have ZERO control over. Superpilot 92, correct me if I'm wrong, but are you not even hired yet???

737

Ok since you asked, your wrong. Hired just havent started yet, but i do have an opinion none the less.:beer:

 

[aircowboy]

It's in the title of the article. Give me a break. You haven't even started there yet, sheesh. Did you say you will likely get the FE slot on a 742? Wow, that ought to be interesting.

Bye Bye--General Lee

Yeah 10000 posts on flight info says your life is way more interesting than a young guy dozing for dollars.

 

[atpcliff]

Hi!

So if I went to Midwest soon, would I end up as an NWA pilot (and maybe later a "Delta" one also), or is MWA going to get shut down like NWA is shutting down Big Sky???

cliff
GRB

 

[General Lee]

Yeah 10000 posts on flight info says your life is way more interesting than a young guy dozing for dollars.

Did you say dozing during training? The FE job might be the worst out there, unless you are a newbie to the airline world. Hey, maybe he will like it. I was an FE, and absolutely hated it. Good luck to him though.

Bye Bye--General Lee