Foreign group might buy US Airways

[mnalpha]

http://www.news14charlotte.com/content/local_news/?AC=&ArID=86185&SecID=2

Anyone close with USAIR know anything about this? like who *might* buy them?

 

[wahoo250]

I bet Sir Richard Branson

 

[blzr]

Someone with more $ than cents.

 

[((7))]

I believe Anna Nichol Smith's funds have been frozen. Maybe she could recommend a substitute investor.

 

[Jim Smyth]

Maybe Trimspa baby!.............

 

[Draginass]

Sounds like BS to me.

Foreign ownership is limited to 49% with only 25% BOD voting control.
That's a lot of money at risk with not much control over how the corporation is run . . . . . and US Air's management team isn't what you'd call competent.