Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Midwest Proxy Filed - Northwest Investment Details  
User currently offlineMainland From United States of America, joined Jun 2004, 309 posts, RR: 0
Posted (7 years 1 month 1 week 2 days 20 hours ago) and read 4160 times:

The preliminary proxy statement for Midwest's merger with TPG/Northwest has been filed, and in it they disclose the breakdown of how much TPG and Northwest are investing. The unconfirmed word before was around 40%, and it turns out that it's not far off. This is taken from page 30 of the proxy (Edited to make the table easy to read):

Quote:
Financing

We estimate the total amount of funds necessary to complete the merger and the related transactions to be approximately $ million, which includes approximately $451.8 million to be paid to our shareholders and holders of stock options, warrants and restricted stock issued by Midwest and the remainder to be applied to pay related fees and expenses in connection with the merger and the related transactions.

The Equity Providers have delivered equity commitment letters in the following amounts:

Equity Provider--------------------Commitment Amount
TPG Partners V, L.P.--------------$ 238,111,703
Northwest Airlines, Inc.-----------$213,250,000

Total-------------------------------------$ 451,361,703

So, it appears that Northwest is providing approx 47.2% of the total investment.

The full proxy can be found here:
http://www.sec.gov/Archives/edgar/da...45/000119312507200002/dprem14a.htm

There should be some other good tidbits in there as well.


You don't need a passport to know what state you're in...
72 replies: All unread, showing first 25:
 
User currently offlineDaus From United States of America, joined May 2005, 289 posts, RR: 0
Reply 1, posted (7 years 1 month 1 week 2 days 19 hours ago) and read 4098 times:

The chronology of it all starts on page 11. Good stuff... A brief excerpt of when things got moving following the election of the 3 AirTran board members. Tim Hoeksema appears to be beating the bushes pretty hard.  Smile
.
.
.Also on June 14, 2007, the annual meeting of our shareholders was held and adjourned until June 26, 2007. We issued a press release announcing that based on a preliminary review of the proxies voted at the annual meeting, it appeared that our shareholders had elected Dr. John M. Albertine and Messrs. Jeffrey H. Erickson and Charles F. Kalmbach, the three individuals nominated by AirTran, to our board of directors. The press release also announced our board’s determination to permit AirTran to make a presentation to the board regarding AirTran’s revised offer.

On or about June 22, 2007, Mr. Hoeksema, following up on a call he had placed in early June, called Mr. Steenland. During that call, Mr. Hoeksema and Mr. Steenland discussed Northwest’s interest in exploring a possible transaction with us.

On June 26, 2007, following the adjourned annual meeting, we issued a press release confirming that our shareholders had elected the three individuals nominated by AirTran to our board of directors.

On July 13, 2007, Mr. Hoeksema called Mr. David Bonderman, Managing Partner of TPG Capital. During the call, Mr. Hoeksema and Mr. Bonderman discussed whether TPG Capital would have an interest in exploring a possible transaction with us.


User currently offlineDaus From United States of America, joined May 2005, 289 posts, RR: 0
Reply 2, posted (7 years 1 month 1 week 2 days 19 hours ago) and read 4031 times:

The only token effort by AirTran's nominees appears to be thier voting to allow one more round of offers before final decision. It was voted down along party lines. Midwest Board Members against, AirTran Board Members for.

User currently offlineQuickmover From United States of America, joined Mar 2004, 2494 posts, RR: 0
Reply 3, posted (7 years 1 month 1 week 2 days 18 hours ago) and read 3972 times:

Isn't it ironic that Sen Kohl wanted a stern anti trust review regarding the Airtran bid, but wants a quickie review for Northwest?

User currently offlineMKENut From United States of America, joined Jul 2007, 699 posts, RR: 1
Reply 4, posted (7 years 1 month 1 week 2 days 18 hours ago) and read 3943 times:

Quoting Quickmover (Reply 3):
Isn't it ironic that Sen Kohl wanted a stern anti trust review regarding the Airtran bid, but wants a quickie review for Northwest

It's called "looking out for your constituents". I have no doubt Kohl was contacted by a significant number of constituents that were against the AirTran deal.


User currently offlineCMHSRQ From United States of America, joined Feb 2004, 995 posts, RR: 4
Reply 5, posted (7 years 1 month 1 week 2 days 16 hours ago) and read 3821 times:

Funny how NWA has $213,250,000 to help invest in another airlines but at the same time is telling it's employees that they don't have money for raises or to hire additional pilots.

I would GUESS that YX will be gone in 5 years, swallowed by NWA.



The voice of moderation
User currently offlineMKENut From United States of America, joined Jul 2007, 699 posts, RR: 1
Reply 6, posted (7 years 1 month 1 week 2 days 12 hours ago) and read 3645 times:

I was dead set against the AirTran merger but in light of this latest information I am almost equally against this merger with TPG/NWA.  Sad

User currently offlineJBo From Sweden, joined Jan 2005, 2359 posts, RR: 0
Reply 7, posted (7 years 1 month 1 week 2 days 11 hours ago) and read 3611 times:

Quoting MKENut (Reply 6):
I was dead set against the AirTran merger but in light of this latest information I am almost equally against this merger with TPG/NWA.


Care to share why? I haven't seen anything yet where Northwest's involvement spells inevitable doom.

At least with this merger, the smaller cities are more likely to keep their service ... which was my biggest argument against the AirTran offer.

[Edited 2007-09-14 00:52:50]


I'd take the awe of understanding over the awe of ignorance any day.
User currently offlineMKENut From United States of America, joined Jul 2007, 699 posts, RR: 1
Reply 8, posted (7 years 1 month 1 week 2 days 10 hours ago) and read 3571 times:

Quoting JBo (Reply 7):
Care to share why? I haven't seen anything yet where Northwest's involvement spells inevitable doom.

I am worried that NW will exercise the option to buy YX from TPG in the future. If that's the case, it is only prolonging the inevitable demise of YX.

Quoting JBo (Reply 7):
At least with this merger, the smaller cities are more likely to keep their service ... which was my biggest argument against the AirTran offer.

For now it is status quo and I am happy that Skyway will still be around to service smaller markets. That also was my main concern if AirTran took over.


User currently offlineJBo From Sweden, joined Jan 2005, 2359 posts, RR: 0
Reply 9, posted (7 years 1 month 1 week 2 days 10 hours ago) and read 3520 times:

Quoting MKENut (Reply 8):

I am worried that NW will exercise the option to buy YX from TPG in the future. If that's the case, it is only prolonging the inevitable demise of YX.

I'm going to remain optimistic. Anything can change 5 years from now ... that's the nature of the industry. There's no use worrying about it.



I'd take the awe of understanding over the awe of ignorance any day.
User currently offlineMKENut From United States of America, joined Jul 2007, 699 posts, RR: 1
Reply 10, posted (7 years 1 month 1 week 2 days 9 hours ago) and read 3481 times:

Quoting JBo (Reply 9):
I'm going to remain optimistic. Anything can change 5 years from now ... that's the nature of the industry. There's no use worrying about it.

Sorry... I guess it comes from not trusting NW. I still remember Republic Airlines and the promises of how much better a combined Republic/NWA would be. It wasn't good for MKE IMHO. For the most part I will be optimistic about the TPG Deal.


User currently offlineCubsrule From United States of America, joined May 2004, 23148 posts, RR: 20
Reply 11, posted (7 years 1 month 1 week 1 day 17 hours ago) and read 3289 times:

Given that NW has two enormous hubs on either side of MKE, it's doubtful that NW would ever want to grow MKE larger than IND is at present. The key question, therefore, is what that level of service from NW and the absence of YX would mean for MKE. I think it would entice B6 to come to MKE and maybe induce F9 (who apparently feels they can compete successfully with NW) to grow a little. I honestly have no idea what it means for FL. Their growth plan defies logic (and has for the past 5 years at least). Maybe WN would even come to MKE. And while I like flying YX as much as any of the rest of you, I don't see it being bad for MKE. It would be different, sure, but not bad.

I'm not sure it would really harm the smaller cities in MI and WI either. XJ would likely pick up what EAS contracts there are, and XJ/9E/DH would likely add service to MSP and/or DTW to most of these cities. Service to a larger hub with (in most cases) a larger local market seems like a winning proposition... unless you really like cookies.



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineDaus From United States of America, joined May 2005, 289 posts, RR: 0
Reply 12, posted (7 years 1 month 1 week 1 day 17 hours ago) and read 3272 times:

Quoting Cubsrule (Reply 11):
I think it would entice B6 to come to MKE and maybe induce F9 (who apparently feels they can compete successfully with NW) to grow a little.

I think the whole "NWA is going to sweep away Midwest in a couple years" just doesn't make any sense. Not only would it be detrimental to the $200+ million it just invested, it would damage NWA as a whole. What Northwest has learned over the years is that Midwest makes MKE a dead zone for just about every carrier out there. Too much loyalty to a unique product set that they are not willing to duplicate to defeat. At the end of the day what Northwest has discovered is that dead zone works out pretty darn well for them. The only viable hub that could do damage the NWA national business model is in MKE, which is why FL so desperately wanted it to go to war with NWA. Oddly, MKE in it's current state with a dominant YX, was an asset to it's business, and all they have gone and done now is monetize that asset as well using the credit line for Morgan Stanley.  Smile

You want to go to war with NWA, guess what? You have to pay THEM the premium to do it.


User currently offlineCubsrule From United States of America, joined May 2004, 23148 posts, RR: 20
Reply 13, posted (7 years 1 month 1 week 1 day 17 hours ago) and read 3250 times:

Quoting Daus (Reply 12):
I think the whole "NWA is going to sweep away Midwest in a couple years" just doesn't make any sense.

I agree completely with you, actually. But if NW did sweep YX away, I'm not sure that would lead to the doom and gloom that so many around here are predicting.



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineVivavegas From United States of America, joined Apr 2004, 505 posts, RR: 1
Reply 14, posted (7 years 1 month 1 week 1 day 17 hours ago) and read 3246 times:

Tell me how "passive" NWA will be with a 47% stake in a company.....

Fool me once....

Craig
MKE



MKE / EYW / LAS - The true trifecta of aviation!
User currently offlineDaus From United States of America, joined May 2005, 289 posts, RR: 0
Reply 15, posted (7 years 1 month 1 week 1 day 17 hours ago) and read 3234 times:

Quoting Cubsrule (Reply 13):
But if NW did sweep YX away, I'm not sure that would lead to the doom and gloom that so many around here are predicting.

Well, in the context of all the choices of things to occur, I do think an NWA with an intent to de-hub MKE and funnel everyone through Minneapolis and Detroit would be far worse than an FL hub scenario.... I just don't think that would happen.

If NWA wants to fly all the current YX routes with NWA metal someday, I guess that would be a step ahead of the FL scenario given that most MKE are already dual citizens in the YX/NWA travel programs but it sure would be less than the ideal.  

[Edited 2007-09-14 19:07:13]

User currently offlineCubsrule From United States of America, joined May 2004, 23148 posts, RR: 20
Reply 16, posted (7 years 1 month 1 week 1 day 17 hours ago) and read 3224 times:

Quoting Daus (Reply 15):

If NWA wants to fly all the current YX routes with NWA metal someday, I guess that would be a step ahead of the FL scenario given that most MKE are already dual citizens in the YX/NWA travel programs but it sure would be less than the ideal.

Thing is, FL's hub wouldn't have worked (and NW trying to construct a huge hub wouldn't work either). My feeling is that either the YX hub or a NW focus city, which actually wouldn't be that much different, is better than no hub. Remember that NW did fly CRJs to places like STL last time around.



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineDCA-ROCguy From United States of America, joined Apr 2000, 4507 posts, RR: 34
Reply 17, posted (7 years 1 month 1 week 1 day 16 hours ago) and read 3211 times:

Oddly, MKE in it's current state with a dominant YX, was an asset to it's business, and all they have gone and done now is monetize that asset as well using the credit line for Morgan Stanley.

Northwest simply faced reality. Their attempt to kill Midwest a couple of years ago, and gain complete control of the Upper Midwest market, failed. So AirTran's bid for Midwest left them with two choices.

--Stay aside, let AirTran win (which was becoming more or less inevitable) and try to fight them off by competitive onslaught. Which involves uncertainty as well as cost. It's a battle NW might well have lost, though I think FL would still have had trouble accomplishing what they claimed they could at MKE.
--Or, NW could buy Midwest as a placeholder--but in an arrangment that didn't quite give them control, probably so they wouldn't face DOJ scrutiny and minimize the likelihood of employee reaction. (Whatever Sen. Kohl's desires, so far it seems to have been cases when legacy carriers try to buy a competitor/ gain too much market share that draw DOJ scrutiny, and not cases when LCC's try to buy a carrier with which they have almost no competitive overlap.)

The bean counters at NW seem to think that $250 million to buy in was the less expensive, and likely much easier, option. Both of which counts are probably true.

So now Midwest has a cozy existence as long as TPG is involved. At least break even, which they seem to be able to do, don't step on NW's toes by expanding too much, and the sugar daddies will be happy. A lot of airlines would probably like to have that existence.

After TPG sells, the question is what's cheaper for NW? I'd guess simply buying the 2.6 percent of shares necessary to get control, and keep Midwest around as a buffer. Again, a nice existence to have if an airline can get it.

Jim

[Edited 2007-09-14 19:23:13]


Need a new airline paint scheme? Better call Saul! (Bass that is)
User currently offlineDaus From United States of America, joined May 2005, 289 posts, RR: 0
Reply 18, posted (7 years 1 month 1 week 1 day 16 hours ago) and read 3191 times:

Quoting DCA-ROCguy (Reply 17):
Whatever Sen. Kohl's desires



Quoting DCA-ROCguy (Reply 17):
simply buying the 2.6 percent of shares necessary to get control

Agreed, except for the 2.6% thing.

Two very valid things the "NWA will do away with Midwest" camp should consider.

1. What Herb Kohl gives, he can take away (DOJ approval)  Smile
2. TPG will never just sell the 2.6% It will be all or nothing, or their remaining investment is nearly worthless. TPG enjoys the position of having this over NWA's head quite a bit and won't let that go for peanuts. If NWA wants control of YX they are going to have come up with the full nut.


User currently offlineMikey711MN From United States of America, joined Nov 2003, 1399 posts, RR: 8
Reply 19, posted (7 years 1 month 1 week 1 day 16 hours ago) and read 3170 times:

Quoting Cubsrule (Reply 16):
FL's hub wouldn't have worked

Of course, that's speculative. However, in the face of that, NWA thought of 213,250,000 reasons to believe that it would. As Jim appropriately put it...

Quoting DCA-ROCguy (Reply 17):
So AirTran's bid for Midwest left them with two choices.

--Stay aside, let AirTran win (which was becoming more or less inevitable) and try to fight them off by competitive onslaught. Which involves uncertainty as well as cost. It's a battle NW might well have lost, though I think FL would still have had trouble accomplishing what they claimed they could at MKE.
--Or, NW could buy Midwest as a placeholder--but in an arrangment that didn't quite give them control, probably so they wouldn't face DOJ scrutiny and minimize the likelihood of employee reaction. (Whatever Sen. Kohl's desires, so far it seems to have been cases when legacy carriers try to buy a competitor/ gain too much market share that draw DOJ scrutiny, and not cases when LCC's try to buy a carrier with which they have almost no competitive overlap.)

The bean counters at NW seem to think that $250 million to buy in was the less expensive, and likely much easier, option. Both of which counts are probably true.

On another note...

Quoting Daus (Reply 18):
If NWA wants control of YX they are going to have come up with the full nut.

...I would tend to disagree. They have the level of control they need now over YX as buying the proverbial cow (read: the entirety of YX) may draw some antitrust concerns while getting the proverbial milk (read: relatively high yields by virtue of keeping a non-threatening competitor in the midwest) for free.

While I realize that some disagreed with me in previous threads, I believe that these numbers show that the combined price paid for YX is far greater than its "market value". TPG paid ~$238M, a value I believe to be much closer to YX's actual value, to essentially fully control the airline while NW paid the remaining ~$213M "premium" to hedge the bet against FL's bid. And NW's non-explicit-participation moving forward proves that out.

Because both NW's and TPG's motivations are the same, i.e. to realize returns in a small niche carrier, NWA does not need anyone to actively participate on the Board. Otherwise, anyone who thinks that putting up that kind of money to own that percentage of a company and not participate in day-to-day operations is deluding themselves.

-Mike



I plan on living forever. So far, so good...
User currently offlineDaus From United States of America, joined May 2005, 289 posts, RR: 0
Reply 20, posted (7 years 1 month 1 week 1 day 15 hours ago) and read 3154 times:

Quoting Mikey711MN (Reply 19):
...I would tend to disagree. They have the level of control they need now over YX as buying the proverbial cow (read: the entirety of YX) may draw some antitrust concerns while getting the proverbial milk (read: relatively high yields by virtue of keeping a non-threatening competitor in the midwest) for free.

NWA's primary concern is that FL (or anyone else) not take over the MKE market. To absolutely assure that, they would need to buy TPG out, which TPG won't do piecemeal. All or nothing I would imagine for the reason I mentioed earlier.

TPG could in theory sell YX tommorow to B6 and the whole thing would start all over again. What I as hoping to find in the documents was detail as to what restrictions TPG has as to a short term sale (within 5 years) of YX. The TPG guy eluded to something on the conference call but no one on the call followed up on it and it has not been published yet.


User currently offlineRJNUT From United States of America, joined Dec 1999, 1235 posts, RR: 0
Reply 21, posted (7 years 1 month 1 week 1 day 15 hours ago) and read 3137 times:

I sat next to Steenland at lunch this week and he seems very adamant about YX doing their own thing..They just want to be able to reign in the World Perks members that are in the MKE area and keep them on YX..WIth Airtran, they were going to lose a lot of that base..

NW is VERY focused on building their existing hubs, fleet replacement and mending labor issues and then adding some Heartland- focused point to points and then International expansion with the introduction of 787s. He is not interested in mergers (blasted the US Airways pilot situation) . Medling with YX is of no interest.. They like the high yield traffic they bring and will share those passengers on some code-share flights!

I felt NW was the most focused they have ever been and I am satisfied with the NW/YX arrangement!


User currently offlineMKENut From United States of America, joined Jul 2007, 699 posts, RR: 1
Reply 22, posted (7 years 1 month 1 week 1 day 15 hours ago) and read 3130 times:

Since we are now talking about money I think YX has about 172 Million in unrestricted cash. Where does that money go after the sale to TPG/NWA? Educate me.  Smile

User currently offlineCubsrule From United States of America, joined May 2004, 23148 posts, RR: 20
Reply 23, posted (7 years 1 month 1 week 1 day 14 hours ago) and read 3094 times:

Quoting Mikey711MN (Reply 19):

Of course, that's speculative. However, in the face of that, NWA thought of 213,250,000 reasons to believe that it would.

If you can make a coherent case for the hub that FL was proposing, I'd be curious to hear it. No one on here did when FL's bid was on the table.



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineMikey711MN From United States of America, joined Nov 2003, 1399 posts, RR: 8
Reply 24, posted (7 years 1 month 1 week 1 day 14 hours ago) and read 3054 times:

Quoting Cubsrule (Reply 23):
If you can make a coherent case for the hub that FL was proposing, I'd be curious to hear it. No one on here did when FL's bid was on the table.

Of course, those discussions went round and round, and everyone stood steadfast in their opinions of the veracity of FL's proposed hub.

My point being that NWA apparently thought that their exposure to such a hub caused them to shell out > $200M to protect themselves. That, if not indirectly, suggests that FL's proposed hub in MKE had significant merit.

-Mike



I plan on living forever. So far, so good...
25 Knope2001 : Work chaos right now doesn't even give me time to keep up on reading these threads regularly, much less joining in often. But I wanted to jump in on
26 DCA-ROCguy : Agreed, except for the 2.6% thing. Two very valid things the "NWA will do away with Midwest" camp should consider. 1. What Herb Kohl gives, he can tak
27 Bobnwa : You must have missed the fact that Northwest has been hiring new pilots for a few months after recalling all furloughed pilots. The new pilots are al
28 Burnsie28 : I think that NW could just make YX a wholly owned subsidary, much like Compass. That would be the smart thing for NW to do IMO. Keep Midwest their ow
29 Bobnwa : I think that is exactly what will happen, which is a pretty good idea when you think about it. It has removed a competitor, kept out AirTran and very
30 Cloudboy : Maybe I misread things, but it seemed to me that giving the proxy a quick read, YX was the one who initiated contact with Northwest. And, it also seem
31 AlexPorter : I was thinking a better example is like Lufthansa owning Swiss International, due to the preservation of the brand names. Perhaps in the future YX co
32 Sideflare75 : They also will be codesharing. Starts in November.
33 Cubsrule : That was planned and announced before the merger. It should be interesting to see where the codeshare partnership goes now that NW has a (direct) sta
34 Cloudboy : Again, I could be reading it wrong, but it seemed to me the Midwest was the one who really approached Northwest with a buyout proposal, so I don't th
35 Ikramerica : And for a mere $13 million dollar future payment (in today's dollars) to TPG, NW gains control of YX...
36 Mainland : Yep, from the proxy it appears that Midwest was the one to reach out to both Northwest and TPG to see if either was interested in a transaction. From
37 Sxf24 : Don't forget to add, "at the expense of local communities."
38 Cubsrule : I'm not sure it's terribly relevant who approached whom; NW and TPG made an offer to purchase and YX accepted. The party that initiated the negotiati
39 Post contains links Mikey711MN : Ain't that right! From Boyd's Hot Flash (as of 9/17/07): That's about $121.86 invested by NWA per enplanement "lost" by MKE. For one year, I'm pretty
40 Knope2001 : It is seens as "right" to those who believe that AirTran would have succeed in Milwaukee and Kansas City. To those of us who just as strongly believe
41 Sxf24 : In the short-term, FL would have brought significantly lower fares, more choices and increased competition to the region. A NW/YX partnership does th
42 Knope2001 : Indeed it would have, until AirTran started trimming things away. If the hub were to largely fail, MKE would likely be left with notably less nonstop
43 ModernArt : With all due respect...no they did not. They eliminated a pesky thorn in their side, something that has plagued them since the 1980s. Nothing more no
44 Burnsie28 : Actually it wasn't to the extent that they are going to do. You think that, but just because an LCC or another airline enters the market doesn't mean
45 Post contains links MKENut : Boyd is also quoted in an article posted here: http://www.commercialappeal.com/news.../sep/15/nwa-has-large-buyout-role/ "This shows how smart Northw
46 Sxf24 : FL was promising lower fares and more flights. If they delivered on the promise MKE and surrounding communities would have benefited. A NW/YX partner
47 Quickmover : I agree 100%. Tim and co. were only concerned about their own skin. NW has no reason at all to grow YX as this was completely a blocking move. If NW
48 Burnsie28 : FL was trying to say anything so they could get their hands on more aircraft and a bigger market.
49 Cubsrule : No, you're correct. On the other hand, if YX had stayed independent, the codesharing relationship that has now been announced was still probably the
50 TOLtommy : Not with YX operating any aircraft with more than 76 seats. The current NWA pilot contract prohibits this. If they were to acquire majority contol of
51 JBo : Nice thought, however, Skyway is getting out of the EAS market and getting rid of the Beech 1900s. Great Lakes won the bids for the current Skyway EA
52 Quickmover : Think about what you're saying here. What good is a bigger market or aircraft unless you are going to use them? FL didn't spend $400 mil to fly a few
53 TOLtommy : I hear ya JBo, but I wouldn't be surprised to see NWA tell YX to hold on for a minute to those 1900....
54 Mikey711MN : Honestly, it has been my belief that if they got their hands on the ATA operation there, MKE would be nothing more than a spoke in the FL network in
55 Cubsrule : That's a terrible comparison. TZ's fleet shrank by 80% in b/k. How much is NW planning to shrink YX? FL could have had 60 daily flights plus a feeder
56 Post contains images CitrusCritter : Yes, that is what businesses do. They try to gain more markets, even if that involves buying out a competitor. WN has critical mass at MDW now. It is
57 Knope2001 : It doesn't take much to stir the embers into a roaring file again, does it. Actually, every last bit of this, both pro and anti FL/YX merger, is hypot
58 Helvknight : That might be a way to go, LH preserved the LX brand (admittedly they had to to keep the operating certificate and route authorities) but positioned
59 Cubsrule : FL doesn't seem to compete well against NW and WN at IND; in light of that, I have a hard time believing they'd try STL.
60 Sxf24 : NW will do anything to protect its monopoly pricing power and/or market share in the 'heartland.' What's the difference? Oh yeah, the level of afford
61 Sxf24 : I guess that I put more weight in public securities filings, professional analyst opinions and market research than rabid hometown pride. Even if the
62 CBPhoto : Completely 100% off topic, but I didn't think it would warrant a new post. With NWAs stake in YX, will YX move from the HHH terminal in MSP to the Lin
63 AirTran737 : I think that you will see YX drop MSP because NW won't want any routes that overlap and take money from NW's pocket.
64 Cbphoto : Wow....I didn't actually think about that, but that would make the most sense!!
65 WesternA318 : The same Erickson from RenoAir and TWA? Reminds me of how passive Texas Air was once it got CO and EA. It seems to me that NWA has plenty of NUTS to
66 Sideflare75 : YX is not dropping anything. How many times does it have to be written that NW will have no say whatsoever in the day to day operations of YX and no
67 Daus : I think you guys are all taking TPG for a bunch of suckers. THEY are the ones holding the majority ownership of YX and will be doing everything in th
68 Quickmover : No offense here, but do people really believe this? I'm sure there are alot of companies that spend almost a quarter of a billion dollars and expect
69 Sideflare75 : No offense taken but why not believe it? NW said it. TPG has said it. YX has said it. But still for some reason it is not believable. I know maybe if
70 Knope2001 : I won't deny being a definite homer when it comes to MIdwest. However I think most of what I have posted has been comparably objective and rational.
71 MKENut : I can say the AirTran camp has been equally if not more rabid than the Midwest camp. It was almost like whatever AirTran said was the gospel and we s
72 Post contains links MKENut : Check these links out. Tim Hoeksema talks about the AirTran's hostile takeover and the TPG merger. http://www.wisbusiness.com/index.iml?Article=105219
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
AirTran Details Plans For Midwest To SEC posted Mon Feb 26 2007 23:11:30 by Daus
Northwest Dropping Most LAS Midwest P-t-p posted Sun Aug 27 2006 21:40:22 by Knope2001
Northwest Details Newco Regional Subsidiary Plan posted Tue Jan 10 2006 05:57:58 by ODwyerPW
FAA Memo Details Maintenance Concerns At Northwest posted Thu Sep 8 2005 16:35:26 by KarlB737
Would it be more beneficial if Northwest filed? posted Wed Aug 31 2005 03:18:00 by Swaluvfa
Northwest Adding Flights Between The Midwest & LAS posted Wed Aug 10 2005 22:44:57 by KarlB737
Midwest Details Settlement With Fairchild Dornier posted Thu Jan 24 2002 19:24:53 by TechRep
Midwest US Airport ID posted Tue Sep 11 2007 12:11:54 by QantasA332
Northwest Cuts Isle-Alaska Flight posted Thu Sep 6 2007 00:50:33 by HnlBoi
New Terminal At MBL? - Midwest Connect Will Know posted Tue Sep 4 2007 15:26:25 by KarlB737