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United + US Air

QF743INTL From Australia, joined Jul 2001, 174 posts, RR: 0
Posted (11 years 10 months 2 weeks 1 day 22 hours ago) and read 587 times:

Hello
r these two airlines (united and us air) going to merge?
if so when
cheers
QF743INTL Smile

2 replies: All unread, jump to last

United Airline From Hong Kong, joined Jan 2001, 8792 posts, RR: 17
Reply 1, posted (11 years 10 months 2 weeks 1 day 20 hours ago) and read 569 times:

Actually, I been thinking of this again and again. And I seeked advise from both Managing Directors of Morgan Stanley Dean Witter (Hong Kong), as well as Standard and Poor. And they both believe that the merger will probably go through. At least 60% chance.

Anyway, let's see.

Hope this helps.

DCA-ROCguy From United States of America, joined Apr 2000, 4402 posts, RR: 37
Reply 2, posted (11 years 10 months 2 weeks 1 day 19 hours ago) and read 561 times:

THe merger will almost certainly not go through. United Airline has an internship that gives him a financial interest in the matter, something he ought to disclose when making these kinds of statements.

United Airlines can no longer afford the merger due to the drastic 2001 drop-off in high-fare business travel, and the weakening of US Airways' share value. United wants out. UA agreed last week to go through the motions of seeking regulatory approval, because US Airways threatened to sue them for walking away before the agreed-upon walk-away date (August 1). Even then UA has to pay a $50 million breakup fee, unless the Justice Dept rules that the merger has antitrust problems, which is very likely.

Jim

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