General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
Delta has said that US Airways’ initial bid would not pass
antitrust scrutiny because it added too much debt to the
companies, and that it would further strain relations with
workers. Delta said that it would review the new offer but
argued that it raised the same questions.
The union representing Delta pilots said it was opposed to
the US Airways proposal. And some union officials
representing other US Air workers have expressed
reservations about the combination because they had yet to
enter into new labor contracts reflecting a merger in 2005
with America West.
Lee Moak, chairman of the Delta chapter of the Air Line
Pilots Association, said the group voted yesterday to commit
$15 million more to defeat the US Airways bid. “We will do
everything we can to kill this merger,” Mr. Moak said.
And I think Dalpa has the right to disapprove any code share, which this would be before any certificates were handed over. I am sure they are using some of that money to butter some muffins in D.C. too. We'll see......
Go LEE
What would happen if we did merge with NWA?
Delta, according to people involved in the talks, is hoping
to fend off US Airways, and has been in talks with Northwest
for weeks. Both carriers are operating in bankruptcy, with
plans to emerge later this year.
A Northwest bid would probably be preferable to Delta
managers because the two airlines’ route networks overlap
less than with Delta and US Airways. A combination with
Northwest is therefore likely to lead to fewer grounded
planes, if any.
What does good ole Ray Neidl think of this possible NWA deal?
Delta Air Lines is once again up for grabs.
US Airways chief executive officer Doug Parker fired a second blast Wednesday by upping his $8.5 billion offer by 20%, offering Delta creditors $10.2 billion in cash and stock.
But at market close on Wednesday, Northwest and United (nasdaq: UAUA - news - people ) emerged as possible buyers for the bankrupt airline.
Both Northwest and United Airlines have both been in talks with Delta, reports Calyon analyst Ray Neidl who put out a note on the development late Wednesday. “These meetings have helped Delta’s creditors come to see a combination with Northwest as a realistic alternative to US Airways Group’s hostile takeover bid,” wrote the analyst.
Bye Bye--General Lee
antitrust scrutiny because it added too much debt to the
companies, and that it would further strain relations with
workers. Delta said that it would review the new offer but
argued that it raised the same questions.
The union representing Delta pilots said it was opposed to
the US Airways proposal. And some union officials
representing other US Air workers have expressed
reservations about the combination because they had yet to
enter into new labor contracts reflecting a merger in 2005
with America West.
Lee Moak, chairman of the Delta chapter of the Air Line
Pilots Association, said the group voted yesterday to commit
$15 million more to defeat the US Airways bid. “We will do
everything we can to kill this merger,” Mr. Moak said.
And I think Dalpa has the right to disapprove any code share, which this would be before any certificates were handed over. I am sure they are using some of that money to butter some muffins in D.C. too. We'll see......
Go LEE
What would happen if we did merge with NWA?
Delta, according to people involved in the talks, is hoping
to fend off US Airways, and has been in talks with Northwest
for weeks. Both carriers are operating in bankruptcy, with
plans to emerge later this year.
A Northwest bid would probably be preferable to Delta
managers because the two airlines’ route networks overlap
less than with Delta and US Airways. A combination with
Northwest is therefore likely to lead to fewer grounded
planes, if any.
What does good ole Ray Neidl think of this possible NWA deal?
Delta Air Lines is once again up for grabs.
US Airways chief executive officer Doug Parker fired a second blast Wednesday by upping his $8.5 billion offer by 20%, offering Delta creditors $10.2 billion in cash and stock.
But at market close on Wednesday, Northwest and United (nasdaq: UAUA - news - people ) emerged as possible buyers for the bankrupt airline.
Both Northwest and United Airlines have both been in talks with Delta, reports Calyon analyst Ray Neidl who put out a note on the development late Wednesday. “These meetings have helped Delta’s creditors come to see a combination with Northwest as a realistic alternative to US Airways Group’s hostile takeover bid,” wrote the analyst.
Bye Bye--General Lee
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