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NWA To Flex New Financial Muscle  
User currently offlineXbraniffone From United States of America, joined Feb 2006, 80 posts, RR: 0
Posted (7 years 6 months 3 weeks 4 days 3 hours ago) and read 2390 times:

I
From Mpls Star Trib.

http://www.startribune.com/535/story/1216240.html


"In an interview with the Star Tribune at his Eagan office, Chief Executive Doug Steenland said that Northwest will spend a total of $6.2 billion to acquire 32 new Airbus A330s and 18 Boeing 787s for overseas travel, modify 10 Boeing 757s for flights to Europe and add 72 new 76-seat regional jets for domestic flights. Some of the airplanes already have been added to the fleet, while others are on order."

"Northwest executives held some preliminary discussions with Delta Air Lines about a merger deal. Steenland said board members also considered "finding and bringing in a strategic investor that would have taken a controlling position in the company, like a private equity firm, or engaging in a strategic transaction with another airline."

While no deal was reached in bankruptcy to combine with Delta or another airline, Steenland said that Northwest is ready for any scenario that could unfold if consolidation talks reemerge."


DC3 8 9 10, 1011, BAC111, 707 720 727 737 747 757 767 777 A319 320 330 340
9 replies: All unread, jump to last
 
User currently offlineSolnabo From Sweden, joined Jan 2008, 859 posts, RR: 2
Reply 1, posted (7 years 6 months 3 weeks 4 days 3 hours ago) and read 2342 times:

Read there´s rumble among employees of NWA due to Doug Steenland´s astronomical payrise: US$ 26,6 Mln

http://www.flygtorget.se/nyheter/nyhetsdetaljer.asp?ID=5216&KatID=1

Micke//  eek 



Airbus SAS - Love them both
User currently offlineUSPIT10L From United States of America, joined Mar 2006, 3295 posts, RR: 7
Reply 2, posted (7 years 6 months 3 weeks 4 days 3 hours ago) and read 2329 times:

Quoting Xbraniffone (Thread starter):
"In an interview with the Star Tribune at his Eagan office, Chief Executive Doug Steenland said that Northwest will spend a total of $6.2 billion to acquire 32 new Airbus A330s and 18 Boeing 787s for overseas travel, modify 10 Boeing 757s for flights to Europe and add 72 new 76-seat regional jets for domestic flights. Some of the airplanes already have been added to the fleet, while others are on order."

"Northwest executives held some preliminary discussions with Delta Air Lines about a merger deal. Steenland said board members also considered "finding and bringing in a strategic investor that would have taken a controlling position in the company, like a private equity firm, or engaging in a strategic transaction with another airline."

While no deal was reached in bankruptcy to combine with Delta or another airline, Steenland said that Northwest is ready for any scenario that could unfold if consolidation talks reemerge."

Well we knew NWA had orders for 787s and A330s. This just adds to the fleet. The RJs will replace aging DC9s that need to be retired. The big question on NWA domestically is, will the pax revolt because of lack of first class? If the RJ route were not especially high-yielding, that won't be a problem. FWIH, the E175s will be used on morning flights initially, which are not usually that packed. As for a NW merger with someone else, it's got to be DL. No one else's network fits as well. CO works very well with NWA on domestic and Latin American codeshare routes, but in order to be competitive with UA, AA and DL, NWA needs a strategic partner. YX doesn't count. I still wouldn't be surprised if DL and NWA sign a merger agreement late this year. Sorry guys, it's been in the cards since 2005. Yes, I know that DL's fleet does not match NW's, but this is the easiest way for DL to get Asia and for NW to truly become a global carrier, not a large regional, which is exactly what their main domestic system has become. A large Midwest presence plus some service to the east and west. You might even say they're a legitimate archrival for UA from ORD and DEN (DTW and MSP as competing hubs), but that can only go so far with lack of international connections. There. I'll get off my soapbox. Congrats to NWA for exiting bankruptcy. Good luck to the employees (NWA or contract)--you'll need it.



It's a Great Day for Hockey!
User currently offlinePanAm747 From United States of America, joined Feb 2004, 4242 posts, RR: 8
Reply 3, posted (7 years 6 months 3 weeks 4 days 2 hours ago) and read 2226 times:

Where is this $6.2 Billion coming from?

I realize this is over a period of time, but it doesn't strike me that NW has its act together yet. I do wish them success, but wishing and reality are completely different things.

Quote:
And the airline's management, in a gesture meant to begin smoothing its frayed relationship with its workforce, will announce today that each employee is being granted a trip on the airline with family members or a companion.

"Some Restrictions Apply", I'm sure. Good luck in finding seats!



Pan Am:The World's Most Experienced Airline - P(oor) S(ailor's) A(irline): San Diego's Hometown Airline-Catch Our Smile!
User currently offlineEjmmsu From United States of America, joined Oct 2004, 1692 posts, RR: 0
Reply 4, posted (7 years 6 months 3 weeks 4 days 2 hours ago) and read 2226 times:

Quoting USPIT10L (Reply 2):
Well we knew NWA had orders for 787s and A330s. This just adds to the fleet. The RJs will replace aging DC9s that need to be retired. The big question on NWA domestically is, will the pax revolt because of lack of first class?

Why would pax revolt? All of the CR9's and E175's will have 12 first class seats. They will also be equipped with ovens to provide hot meals in first class.



"If the facts do not conform to the theory, they will have to be disposed of"
User currently offlineEXAAUADL From , joined Dec 1969, posts, RR:
Reply 5, posted (7 years 6 months 3 weeks 4 days 2 hours ago) and read 2178 times:

Quoting Ejmmsu (Reply 4):
Why would pax revolt? All of the CR9's and E175's will have 12 first class seats. They will also be equipped with ovens to provide hot meals in first class.

Will the pax ser reps be NWA or Air Link for these flights?


User currently offlineUSPIT10L From United States of America, joined Mar 2006, 3295 posts, RR: 7
Reply 6, posted (7 years 6 months 3 weeks 4 days 2 hours ago) and read 2178 times:

Quoting Ejmmsu (Reply 4):
Why would pax revolt? All of the CR9's and E175's will have 12 first class seats. They will also be equipped with ovens to provide hot meals in first class.

Good. But as you know, if it's not mainline, some people will revolt! Did you see that thread last week about the guy in FLL going to LGA who had a fit because of the US Airways Star Alliance 757? I was ROFLMAO, but people are idiots sometimes!



It's a Great Day for Hockey!
User currently offlineEjmmsu From United States of America, joined Oct 2004, 1692 posts, RR: 0
Reply 7, posted (7 years 6 months 3 weeks 4 days 2 hours ago) and read 2167 times:

Quoting USPIT10L (Reply 6):
Good. But as you know, if it's not mainline, some people will revolt! Did you see that thread last week about the guy in FLL going to LGA who had a fit because of the US Airways Star Alliance 757? I was ROFLMAO, but people are idiots sometimes!

All indications are that the first class seats on the CRJ are just as comfortable (if not moreso) than the ones on the DC-9's. No one is going to revolt.



"If the facts do not conform to the theory, they will have to be disposed of"
User currently offlineUSPIT10L From United States of America, joined Mar 2006, 3295 posts, RR: 7
Reply 8, posted (7 years 6 months 3 weeks 4 days 2 hours ago) and read 2110 times:

Quoting Ejmmsu (Reply 7):
All indications are that the first class seats on the CRJ are just as comfortable (if not moreso) than the ones on the DC-9's.

It's not hard to be more comfortable than NWA's DC9s in FC.  Wink



It's a Great Day for Hockey!
User currently offlineEjmmsu From United States of America, joined Oct 2004, 1692 posts, RR: 0
Reply 9, posted (7 years 6 months 3 weeks 4 days 2 hours ago) and read 2076 times:

Quoting USPIT10L (Reply 8):

It's not hard to be more comfortable than NWA's DC9s in FC.

Much better than coach on the US CR9 or CR7. I'm glad NW still has first class seats in their 76-124 seat aircraft.



"If the facts do not conform to the theory, they will have to be disposed of"
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