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NWA's 30% Airtran Stake  
User currently offlinePaladin87 From United States of America, joined Jun 2007, 122 posts, RR: 0
Posted (7 years 1 week 1 day 23 hours ago) and read 3259 times:

Northwest had(as recently as 1995) a 30% stake in Airtran does anyone know when this was sold?

14 replies: All unread, jump to last
 
User currently offlineMKENut From United States of America, joined Jul 2007, 699 posts, RR: 1
Reply 1, posted (7 years 1 week 1 day 21 hours ago) and read 3067 times:

What is your source for this information?

User currently offlineD950 From United States of America, joined Jul 2004, 493 posts, RR: 2
Reply 2, posted (7 years 1 week 1 day 21 hours ago) and read 3040 times:

I thought they had a "passive" piece of Midwest.


Resting on your laurels is a synonym for flirting with disaster
User currently offlineAirTran737 From United States of America, joined Apr 2004, 3704 posts, RR: 12
Reply 3, posted (7 years 1 week 1 day 21 hours ago) and read 2998 times:
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From Wikipedia

The airline was established in June 1993 and started operations on October 26, 1993 as Conquest Sun Airlines. It was renamed AirTran Airways in August 1994.

Following objections from Northwest Airlines to AirTran Airways' entry into the jet carrier business, its parent company signed an agreement with Northwest for the spin-off to shareholders of the non-airline businesses. They became part of a new holding company, AirWays Corporation, which also owned Mesaba Airlines.

In July 1997, AirWays Corporation announced a merger with ValuJet Airlines. In one of the U.S. airline industry's first reverse mergers, ValuJet was re-named AirTran Airways in 1997. This was done because the firm's public image never recovered from the crash of ValuJet Flight 592. On September 24, 1997 the parent company became AirTran Holdings Inc, and operations under new management began on September 1, 1998.

It was Mesaba, not NW



Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
User currently offlineBobnwa From United States of America, joined Dec 2000, 6465 posts, RR: 9
Reply 4, posted (7 years 1 week 1 day 21 hours ago) and read 2986 times:

Quoting AirTran737 (Reply 3):
It was Mesaba, not NW

Yes but NWA owned a good part of Mesaba at the time.


User currently offlineAtrude777 From United States of America, joined Aug 2003, 5692 posts, RR: 52
Reply 5, posted (7 years 1 week 1 day 21 hours ago) and read 2944 times:

This tid bit of information was actually discussed in the recent distribution of Airways in theit magazine, and they focused a part on the Air Tran/Mesaba Deal.

Quite interesting story to read.

Alex



Good things come to those who wait, better things come to those who go AFTER it!
User currently offlineDAYflyer From United States of America, joined Sep 2004, 3807 posts, RR: 3
Reply 6, posted (7 years 1 week 1 day 21 hours ago) and read 2933 times:

Stange bedfellows for sure. Certainly the first thing I have learned of the structure of the first AirTran. Interesting information, thanks for posting this.


One Nation Under God
User currently offlineMainland From United States of America, joined Jun 2004, 309 posts, RR: 0
Reply 7, posted (7 years 1 week 1 day 21 hours ago) and read 2864 times:

Northwest never held a 30% stake in the AirTran we know today. The AirTran name was born out of Mesaba, which in the early 90's formed a new holding company they named AirTran Corp. Northwest exercised previously issued warrants and acquired a 29.7% interest in the newly named AirTran Corp. Shortly thereafter AirTran Corp the holding company made its jet operations based at MCO (which would become AirTran as we know it today) into a wholly owned subsidiary. AirTran Corp then spun off the subsidiary to all its shareholders except Northwest and renamed itself Mesaba Holding. Northwest maintained its 29.7% interest in Mesaba until they bought the remaining stake earlier this year.


You don't need a passport to know what state you're in...
User currently offlineBobnwa From United States of America, joined Dec 2000, 6465 posts, RR: 9
Reply 8, posted (7 years 1 week 1 day 20 hours ago) and read 2731 times:

Quoting Mainland (Reply 7):
Northwest maintained its 29.7% interest in Mesaba until they bought the remaining stake earlier this year.

Correct except for this part. At the time of the NWA and Mesaba bankruptcies, NWA had sold its entire share. Early this year NWA did buy all of Mesaba.


User currently offlinePaladin87 From United States of America, joined Jun 2007, 122 posts, RR: 0
Reply 9, posted (7 years 1 week 1 day 19 hours ago) and read 2643 times:

This is from NWA.com History section

March 8 Northwest Airlines, Inc. and AirTran Corporation reach a preliminary agreement for Northwest to increase its ownership of AirTran to 30%. AirTran is the parent of Mesaba Aviation, Inc., which operates as Northwest Airlink at Detroit and Minneapolis/St. Paul.


User currently offlinePaladin87 From United States of America, joined Jun 2007, 122 posts, RR: 0
Reply 10, posted (7 years 1 week 1 day 19 hours ago) and read 2614 times:

I think they have Mesaba and Aitran crossed. I believe Airtran was part of Mesaba, not the other way around.

User currently offlineBobnwa From United States of America, joined Dec 2000, 6465 posts, RR: 9
Reply 11, posted (7 years 1 week 1 day 18 hours ago) and read 2572 times:

Quoting Paladin87 (Reply 10):
I think they have Mesaba and Aitran crossed. I believe Airtran was part of Mesaba, not the other way around.

You are right, AirTran was part of Mesaba, not the other way around.


User currently offlineMainland From United States of America, joined Jun 2004, 309 posts, RR: 0
Reply 12, posted (7 years 1 week 1 day 13 hours ago) and read 2339 times:

Quoting Bobnwa (Reply 8):
At the time of the NWA and Mesaba bankruptcies, NWA had sold its entire share.

Everything I see Mesaba reported (annual proxy statements) shows Northwest maintaining it's ownership throughout bankruptcy.

Quoting Paladin87 (Reply 10):
I think they have Mesaba and Aitran crossed. I believe Airtran was part of Mesaba, not the other way around.



Quoting Bobnwa (Reply 11):
You are right, AirTran was part of Mesaba, not the other way around.

While AirTran was created within Mesaba, the overall parent holding company they created at the time was AirTran Corp. This is why the NWA history says they reached an agreement with AirTran.



You don't need a passport to know what state you're in...
User currently offlineTZTriStar500 From United States of America, joined Jan 2004, 1452 posts, RR: 9
Reply 13, posted (7 years 1 week 1 day 12 hours ago) and read 2174 times:

The nwa.com history section is wrong as NWA never owned any part of AirTran Corp. either then or now. Also, when will people stop using Wikipedia as an absolute authority on anything factual.

In 1988 Mesaba created a holding company AirTran Corp. with Mesaba as its sole subsidiary. In 1994, AirTran purchased Conquest Sun Airlines based in Orlando. It was renamed AirTran Airways and operated as a low-fare carrier, but violated the NWA pilot scope clause. In 1995 to solve this problem, AirTran Airways was completely spun off and AirTran Corp renamed Mesaba Holdings. At that time, NWA took a 29.7% stake in the new Mesaba Holdings. Only in January of this year did NWA acquire the remainder of now MAIR Holdings during their respective bankruptcies. AirTran Airways was subsequently acquired by Valujet with AirTran the surviving airline.

Therefore, NWA never had anything to do with AirTran Corp or AirTran Airways.



35 years of American Trans Air/ATA Airlines, 1973-2008. A great little airline that will not be soon forgotten.
User currently offlineJetJeanes From United States of America, joined Oct 2004, 1431 posts, RR: 1
Reply 14, posted (7 years 1 week 1 day ago) and read 1741 times:

Didnt Airtrans buy some shares of midwest in the hopes of the buyout


i can see for 80 miles
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