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PAN Am And NWA Merger In Late 80s  
User currently offlineVirginA340 From United States of America, joined Jul 2005, 15 posts, RR: 0
Posted (12 years 7 months 1 week 1 day 6 hours ago) and read 2232 times:

How well does anyone know about the merger of Northwest and PAN AM in 88 or 89? Does anyone think that if PA merged with NWA that both carrier would go under? I heard that this was the chance that PA could come back into the Pacific market. But the US Gov didn't like the idea so the didn't approve it? Any info?


"FUIMUS"
1 replies: All unread, jump to last
 
User currently offlineBobnwa From United States of America, joined Dec 2000, 6441 posts, RR: 9
Reply 1, posted (12 years 7 months 1 week 1 day 5 hours ago) and read 2204 times:

At the time, NW was being persued by quite a few suitors anxious to try a leveraged buyout of Northwest due to the large amount of assets and little debt at the airline. It had the strongest balance sheet in the industry

PanAm at the time was sinking fast and decided to join in the leveraged buyout hunt of Northwest. They would have used Northwest's cash and assets to buy Northwest and then merge it into Pan Am.

This buyout by Pan Am did not work out and instead Northwest was purchased in a leveraged buyout by a group called Wings Holdings.


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