dashtrasher
Well-known member
- Joined
- Jan 24, 2002
- Posts
- 154
Mesa's latest reply to ACA'S BOD
Board of Directors
Atlantic Coast Airlines Holdings, Inc.
45200 Business Court
Dulles, Virginia, 20166
Ladies and Gentlemen:
I am in receipt of your letter dated November 13, 2003.
Firstly, let me say that we are delighted with the results of the
non-binding memorandum of understanding (MOU) that we have recently
negotiated with United Airlines (UAL). The concerns raised in your
above-mentioned letter with respect to certain contract terms
previously offered by UAL to Atlantic Coast Airlines Holdings, Inc.
("ACA"), while interesting, are not particularly relevant to the
Mesa-negotiated version of the MOU. Simply stated, your concerns are
either unfounded or have been addressed satisfactorily.
Finally, contrary to your management's self-serving and incorrect
conclusion that we are working with UAL to try to "squash" your
efforts to establish a low-fare airline at Dulles International
Airport, please be assured that the MOU was negotiated with UAL on an
arms length basis with the view to effecting the acquisition of ACA.
The terms of the MOU are in our view in the best interests of the
stockholders of ACA and the combined company in the event a business
combination transaction between ACA and Mesa is consummated.
Sincerely,
Jonathan G. Ornstein
Chairman of the Board & Chief Executive Officer
Board of Directors
Atlantic Coast Airlines Holdings, Inc.
45200 Business Court
Dulles, Virginia, 20166
Ladies and Gentlemen:
I am in receipt of your letter dated November 13, 2003.
Firstly, let me say that we are delighted with the results of the
non-binding memorandum of understanding (MOU) that we have recently
negotiated with United Airlines (UAL). The concerns raised in your
above-mentioned letter with respect to certain contract terms
previously offered by UAL to Atlantic Coast Airlines Holdings, Inc.
("ACA"), while interesting, are not particularly relevant to the
Mesa-negotiated version of the MOU. Simply stated, your concerns are
either unfounded or have been addressed satisfactorily.
Finally, contrary to your management's self-serving and incorrect
conclusion that we are working with UAL to try to "squash" your
efforts to establish a low-fare airline at Dulles International
Airport, please be assured that the MOU was negotiated with UAL on an
arms length basis with the view to effecting the acquisition of ACA.
The terms of the MOU are in our view in the best interests of the
stockholders of ACA and the combined company in the event a business
combination transaction between ACA and Mesa is consummated.
Sincerely,
Jonathan G. Ornstein
Chairman of the Board & Chief Executive Officer
