JECKEL
God's Own Drunk
- Joined
- Nov 27, 2001
- Posts
- 402
Excerpt: Delta CEO resolute on pilot wage cuts (No spin-offs)
The Cincinnati Enquirer 4-24-04
After the meeting, Grinstein shot down the possibility of spinning off regional subsidiaries Comair (based in Erlanger) or Atlantic Southeast Airlines to raise more cash.
"Comair and ASA are valuable assets," Grinstein said. "The price you would sell them for would be what kind of contract you would give for service ... and you would be tying yourself into a long-term obligation.
"It would seem to me to be counterproductive, so we would rather keep them in the role they are in - providing feed for the network."
View complete article at http://www.enquirer.com/editions/2004/04/24/biz_delta24.html
The Cincinnati Enquirer 4-24-04
After the meeting, Grinstein shot down the possibility of spinning off regional subsidiaries Comair (based in Erlanger) or Atlantic Southeast Airlines to raise more cash.
"Comair and ASA are valuable assets," Grinstein said. "The price you would sell them for would be what kind of contract you would give for service ... and you would be tying yourself into a long-term obligation.
"It would seem to me to be counterproductive, so we would rather keep them in the role they are in - providing feed for the network."
View complete article at http://www.enquirer.com/editions/2004/04/24/biz_delta24.html
