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Born-Again USAirways Set For Takeoff  
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3105 posts, RR: 10
Posted (8 years 12 months 2 days 21 hours ago) and read 3062 times:

Courtesy: Pittsburgh Tribune-Review

Born-Again USAirways Set For Takeoff

http://pittsburghlive.com/x/tribune-review/s_377059.html

---------------------------------------------------------------------------
Courtesy: The Arizona Republic

Acquisition: AmWest Move Runs To Reality

http://www.azcentral.com/arizonarepu...ic/news/articles/0925talton25.html

10 replies: All unread, jump to last
 
User currently offlineSATX From United States of America, joined Apr 2005, 2840 posts, RR: 6
Reply 1, posted (8 years 12 months 2 days 21 hours ago) and read 2976 times:

Bronner, head of the Retirement Systems of Alabama, is being left behind by US Airways' second reorganization. The pension group invested $240 million for 37.5 percent control of US Airways during its 2002-2003 bankruptcy. It did so by topping Bonderman's Texas Pacific Group's bid of $200 million. But the Alabama group's equity is wiped out by US Airways' second bankruptcy.

What kind of moron makes investments like this? Oh, that's right, it wasn't his money. Looks like some other folks got screwed big time.



Open Season on Consumer Protections is Just Around the Corner...
User currently offlineCV580Freak From Bahrain, joined Jul 2005, 1033 posts, RR: 0
Reply 2, posted (8 years 12 months 2 days 21 hours ago) and read 2925 times:

Ch11 bites your ass  rotfl 


One day you are the pigeon, the next the statue ...
User currently offlineOuboy79 From United States of America, joined Nov 2001, 4600 posts, RR: 22
Reply 3, posted (8 years 12 months 2 days 5 hours ago) and read 2475 times:

Quoting SATX (Reply 1):
What kind of moron makes investments like this? Oh, that's right, it wasn't his money. Looks like some other folks got screwed big time.

I'm sure RSA has already made up for their investment in US Airways. The initial investment was, essentially, petty cash for them (something like less than 1% of their total value).


User currently offlineKarlB737 From United States of America, joined Mar 2004, 3105 posts, RR: 10
Reply 4, posted (8 years 12 months 2 days ago) and read 2206 times:

Courtesy: The Business Journal of Phoenix

America West, USAirways Spend Last Day Apart

http://www.bizjournals.com/industrie...rts/2005/09/26/phoenix_daily2.html


User currently offlineUSAF336TFS From United States of America, joined Apr 2005, 1445 posts, RR: 52
Reply 5, posted (8 years 12 months 2 days ago) and read 2175 times:

I still have serious doubts that this marriage of convenience will turn out as advertised. I wouldn't be surprised the the "Born-Again US Airways" will be back again in bankruptcy court in several years.


336th Tactical Fighter Squadron, 4th Fighter Wing, Seymour Johnson AFB
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3105 posts, RR: 10
Reply 6, posted (8 years 12 months 2 days ago) and read 2129 times:

America West and USAirways Announce Changes to Expanded Frequent Flyer Program

http://biz.yahoo.com/prnews/050926/lam080.html?.v=24


User currently offlineScooter From United States of America, joined Jun 1999, 854 posts, RR: 1
Reply 7, posted (8 years 12 months 1 day 23 hours ago) and read 2097 times:

Quoting USAF336TFS (Reply 5):
I wouldn't be surprised the the "Born-Again US Airways" will be back again in bankruptcy court in several years.

Isn't there a law regarding how many times a company or individual can enter bankruptcy protection? For the love of god...If they can't make this merger work, they deserve to go out of business.


User currently offlineRJ777 From United States of America, joined Dec 2000, 1851 posts, RR: 2
Reply 8, posted (8 years 12 months 1 day 23 hours ago) and read 2096 times:

The NYSE Ticker is LCC?
What The?


User currently offlineLono From United States of America, joined Apr 2004, 1335 posts, RR: 1
Reply 9, posted (8 years 12 months 1 day 23 hours ago) and read 2063 times:

Quoting USAF336TFS (Reply 5):
Born-Again US Airways" will be back again in bankruptcy court in several years.

Think will take several years....???? I don't see this working..... mergers these days just make a bigger mess out 2 smaller mess's...



Wally Bird Ruled the Skys!
User currently offlineOuboy79 From United States of America, joined Nov 2001, 4600 posts, RR: 22
Reply 10, posted (8 years 12 months 1 day 18 hours ago) and read 1886 times:

Quoting Lono (Reply 9):
Think will take several years....???? I don't see this working..... mergers these days just make a bigger mess out 2 smaller mess's...

Just like those who said US was gonna be dead in the 90s after 427 went down...then again in Bk #1....Bk #2....and half a dozen other times in between.


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