Part of US Air may come to Mesa!

[big dog1]

By Thomas Olson
TRIBUNE-REVIEW
Friday, January 30, 2004



Financially troubled US Airways is considering $300 million in offers for unidentified assets the struggling carrier is shopping around.
The airline is using investment banker Morgan Stanley to solicit bids for such properties as the lucrative East Coast shuttle, US Airways Express subsidiaries and gate space at New York's LaGuardia and Boston's Logan airports.

"If that $300 million is correct, it's probably $150 million for the shuttle and another $150 million for their express partners," said Robert Mann Jr., head of R.W. Mann & Co. Inc., an airline consultancy based on Long Island, N.Y.

US Airways spokesman David Castelveter declined to comment about any offers or assets that might be sold.




This is a Mesa offer!! Morgan Stanley the bank JO did the ACA bid with ....get it. JO said he would only buy some of US Air if it would continue to be operated as US Air. JO holds >5% of US Air's stock.
And there is no way that US Air would sale to a competitor. that would be the kiss of death.

So JO buys the Express operation and the Shuttle for 300 million and US Air stays togather atleast as a brand.

 

[buzzfly]

Morgan Stanley the boutique firm. One of, if not the largest investment banks on wall street. Who else could it be besides JO? How about anyone! US needs cash, Mesa does not even have $300 MM in the bank. Back to the debt market? How about another 30MM shares to dilute earnings a little more?

 

[big dog1]

from mesa lounge

JO has parteners with more than 1.1 Bil!! Thats right I said Billion ....They tried to finance US Air but got beat out by Alabama Insn Corp

 

[climbhappy]

jo share of us air common stock

before the BK, I understood from the press JO had around or less than 5% of common.

in the BK, that was wiped out. Are you suggesting he bought 5% of the new issue of US air common?

 

[Long Time Gone]

Big Dog sure does sound awefully happy that a mainline carrier is losing more ground and his company is possibly going to benefit from that. Exactly what this industry needs.......more selfish idiots. Ever think about the pilots and their families that are about to lose their jobs? I guess not. Sad thing that.

 

[Tim47SIP]

Think about this!

Wouldn't this be a real twist if a regional carrier bought mainline assets. They could be combined and thus those mainline guys would have to merge lists with the Mesa guys. Wonder what ALPA would try to do in this case. What a world we are living in.

P.S. No I do not want to see that happen, but I am glad that DALPA has their 71+ seat rule.

 

[RegionalFA]

and just like the guys that hold CHQ also hold pieces of foreign and other domestic airlines.

i wouldn't cream my shorts just yet.

Not to mention it'll still just be US Airways flying...