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Day -1 For US/DL Merger?  
User currently offlineRootsAir From Costa Rica, joined Feb 2005, 4186 posts, RR: 40
Posted (7 years 7 months 3 weeks 3 days 15 hours ago) and read 2350 times:

Tomorrow might be an important turning point of US civil aviation. DL will have te decide or not to merge with US.

http://www.aero-news.net/index.cfm?C...13edca-982d-4652-b888-d67d0a355613

Please keep this thread as a merger thread and not about themes that have nothing to do as it was for the one I started previously !
Regards
BM

[Edited 2007-01-31 17:29:03]


A man without the knowledge of his past history,culture and origins is like a tree without roots
5 replies: All unread, jump to last
 
User currently offlineSLCUT2777 From United States of America, joined Dec 2005, 4068 posts, RR: 11
Reply 1, posted (7 years 7 months 3 weeks 3 days 15 hours ago) and read 2322 times:

Quoting RootsAir (Thread starter):
Tomorrow might be an important turning point of US civil aviation. DL will have to decide or not to merge with US.

It's looking more and more as if it isn't going to happen. DL is just as resistant as ever, and it appears increasingly as if their major creditors are backing them up to go it alone as well.
http://www.usatoday.com/travel/news/...01-30-usairways-delta-merger_x.htm

Quoting Marilyn Adams, USAToday:
Showing frustration, US Airways CEO Douglas Parker said Tuesday that his company will drop its bid for Delta Air Lines on Thursday if bankruptcy creditors don't signal support for the $10 billion offer.
Delta's creditors "know exactly what they have to do," Parker said in a conference call on quarterly earnings. "If this (creditors) committee is not willing to do what it should do for investors ... we're not willing to pursue this transaction anymore."
Although Parker had earlier placed a Feb. 1 deadline on his offer, his comments suggested for the first time that US Airways (LCC) may be poised to walk away from the deal it proposed in mid-November and sweetened earlier this month.
Parker's comments followed days of frantic maneuvering by people on all sides of the controversial bid. US Airways' cash-and-stock offer for Delta, which has been in Chapter 11 reorganization since September 2005, has been rejected by Delta's management. Delta has lobbied its creditors to accept Delta's own plan to emerge as a stand-alone carrier. A merger would create the country's biggest domestic carrier.
Parker sweetened the offer for Delta by 20% three weeks ago, and the court-approved committee representing Delta's creditors hasn't responded. The committee could act today. Parker wants the creditors to force Atlanta-based Delta to open its books and postpone a bankruptcy court hearing scheduled for next Wednesday on Delta's stand-alone plan.

Doug Parker sounds VERY frustrated, and I think he is starting to concede he made a gross miscalculation, and perhaps should have gone after NW.



DELTA Air Lines; The Only Way To Fly from Salt Lake City; Let the Western Heritage always be with Delta!
User currently offlineRL757PVD From United States of America, joined Dec 1999, 4674 posts, RR: 11
Reply 2, posted (7 years 7 months 3 weeks 3 days 15 hours ago) and read 2287 times:

Quoting RootsAir (Thread starter):
Tomorrow might be an important turning point of US civil aviation

Or it might not be.....



Experience is what you get when what you thought would work out didn't!
User currently offlineMptpa From United States of America, joined Feb 2006, 546 posts, RR: 0
Reply 3, posted (7 years 7 months 3 weeks 3 days 12 hours ago) and read 2191 times:

DL creditors committee threw their support behind DL team, hence, rejecting any mergers. Soon after Doug Parker withdrew the merger offer.

So it is back to DL on its own or with a partner that is made under friendly terms. NW, where are you? You two will match together pretty good!!!

Let's see what is next for both, and also US...


User currently offlineDeltaGator From United States of America, joined Sep 2005, 6341 posts, RR: 13
Reply 4, posted (7 years 7 months 3 weeks 3 days 11 hours ago) and read 2183 times:

Since US has withdrawn their offer for DL what exactly is the point of this thread? No offense to the OP but I suggest delete since it is no longer relevent.


"If you can't delight in the misery of others then you don't deserve to be a college football fan."
User currently offlineSrbmod From , joined Dec 1969, posts, RR:
Reply 5, posted (7 years 7 months 3 weeks 3 days 10 hours ago) and read 2116 times:

Since the merger is a no-go, this thread is now locked.

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