FlyBoeingJets
YES, that's NICE
- Joined
- Mar 20, 2003
- Posts
- 1,802
jetblue (tm) has an aggressive plan to launch the 190 and continue a rapid acquisition of A-320s. (In fact new 320s are scheduled to come in slightly greater numbers than the 190s) But where are they going to put them?
How are they going to get gates if the most sought after gates are all occupied and hard to come by. See article below. Will jetblue (tm), with a partner or two, bid on USAir's assets? Not a flame, I just don't know the plan.
I hear DFW has some gates needing a home.
Southwest CEO says keeping options open on US Air
Wed Jun 8, 2005 09:26 AM ET
NEW YORK, June 8 (Reuters) - Southwest Airlines Co. on Wednesday said it was considering bidding for some assets of US Airways Group Inc., which is slated to be bought by America West Holdings
America West's proposed takeover of bankrupt US Airways, announced last month, would create the sixth-largest domestic airline and a leading discount carrier rivaling Southwest.
"We're going to keep all of our options at this point," Southwest Chief Executive Gary Kelly said in a presentation to analysts at a conference sponsored by Merrill Lynch & Co. "I wouldn't discount the thought of making a bid."
But he made clear that Southwest's interest would be in some of US Airways' gates -- in particular at the Philadelphia airport where Southwest is having trouble finding space to expand -- rather than the whole airline.
The bankruptcy judge overseeing US Airways' Chapter 11 case has authorized the airline to consider any bids that would rival the proposed America West deal. So far, the proposal by America West and a group of investors is the only one that has been negotiated.
Kelly said he was not worried about potential competition from the combined US Airways and America West, though he still hopes the tie-up could result in a reduction in excess capacity in the loss-plagued U.S. airline system.
"While we enjoy a very large cost advantage with respect to both of those carriers ... I am hopeful that the acquisition results in some reduction of capacity," he said.
Southwest, the top U.S. airline by market value, is one of the industry's few money makers, thanks largely to investments it has made that have protected it from soaring fuel prices.
How are they going to get gates if the most sought after gates are all occupied and hard to come by. See article below. Will jetblue (tm), with a partner or two, bid on USAir's assets? Not a flame, I just don't know the plan.
I hear DFW has some gates needing a home.
Southwest CEO says keeping options open on US Air
Wed Jun 8, 2005 09:26 AM ET
NEW YORK, June 8 (Reuters) - Southwest Airlines Co. on Wednesday said it was considering bidding for some assets of US Airways Group Inc., which is slated to be bought by America West Holdings
America West's proposed takeover of bankrupt US Airways, announced last month, would create the sixth-largest domestic airline and a leading discount carrier rivaling Southwest.
"We're going to keep all of our options at this point," Southwest Chief Executive Gary Kelly said in a presentation to analysts at a conference sponsored by Merrill Lynch & Co. "I wouldn't discount the thought of making a bid."
But he made clear that Southwest's interest would be in some of US Airways' gates -- in particular at the Philadelphia airport where Southwest is having trouble finding space to expand -- rather than the whole airline.
The bankruptcy judge overseeing US Airways' Chapter 11 case has authorized the airline to consider any bids that would rival the proposed America West deal. So far, the proposal by America West and a group of investors is the only one that has been negotiated.
Kelly said he was not worried about potential competition from the combined US Airways and America West, though he still hopes the tie-up could result in a reduction in excess capacity in the loss-plagued U.S. airline system.
"While we enjoy a very large cost advantage with respect to both of those carriers ... I am hopeful that the acquisition results in some reduction of capacity," he said.
Southwest, the top U.S. airline by market value, is one of the industry's few money makers, thanks largely to investments it has made that have protected it from soaring fuel prices.
