KarlB737
Topic Author
Posts: 2634
Joined: Sat Mar 20, 2004 9:51 pm

Born-Again USAirways Set For Takeoff

Mon Sep 26, 2005 7:47 am

Courtesy: Pittsburgh Tribune-Review

Born-Again USAirways Set For Takeoff

http://pittsburghlive.com/x/tribune-review/s_377059.html

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Courtesy: The Arizona Republic

Acquisition: AmWest Move Runs To Reality

http://www.azcentral.com/arizonarepu...ic/news/articles/0925talton25.html
 
satx
Posts: 2771
Joined: Mon Apr 11, 2005 7:26 am

RE: Born-Again USAirways Set For Takeoff

Mon Sep 26, 2005 8:02 am

Bronner, head of the Retirement Systems of Alabama, is being left behind by US Airways' second reorganization. The pension group invested $240 million for 37.5 percent control of US Airways during its 2002-2003 bankruptcy. It did so by topping Bonderman's Texas Pacific Group's bid of $200 million. But the Alabama group's equity is wiped out by US Airways' second bankruptcy.

What kind of moron makes investments like this? Oh, that's right, it wasn't his money. Looks like some other folks got screwed big time.
Open Season on Consumer Protections is Just Around the Corner...
 
CV580Freak
Posts: 886
Joined: Sat Jul 23, 2005 12:39 am

RE: Born-Again USAirways Set For Takeoff

Mon Sep 26, 2005 8:11 am

Ch11 bites your ass  rotfl 
One day you are the pigeon, the next the statue ...
 
ouboy79
Posts: 4111
Joined: Sun Nov 18, 2001 1:48 pm

RE: Born-Again USAirways Set For Takeoff

Mon Sep 26, 2005 11:41 pm

Quoting SATX (Reply 1):
What kind of moron makes investments like this? Oh, that's right, it wasn't his money. Looks like some other folks got screwed big time.

I'm sure RSA has already made up for their investment in US Airways. The initial investment was, essentially, petty cash for them (something like less than 1% of their total value).
 
KarlB737
Topic Author
Posts: 2634
Joined: Sat Mar 20, 2004 9:51 pm

RE: Born-Again USAirways Set For Takeoff

Tue Sep 27, 2005 4:54 am

Courtesy: The Business Journal of Phoenix

America West, USAirways Spend Last Day Apart

http://www.bizjournals.com/industrie...rts/2005/09/26/phoenix_daily2.html
 
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USAF336TFS
Posts: 1355
Joined: Tue Apr 26, 2005 11:05 pm

RE: Born-Again USAirways Set For Takeoff

Tue Sep 27, 2005 5:04 am

I still have serious doubts that this marriage of convenience will turn out as advertised. I wouldn't be surprised the the "Born-Again US Airways" will be back again in bankruptcy court in several years.
336th Tactical Fighter Squadron, 4th Fighter Wing, Seymour Johnson AFB
 
KarlB737
Topic Author
Posts: 2634
Joined: Sat Mar 20, 2004 9:51 pm

RE: Born-Again USAirways Set For Takeoff

Tue Sep 27, 2005 5:21 am

America West and USAirways Announce Changes to Expanded Frequent Flyer Program

http://biz.yahoo.com/prnews/050926/lam080.html?.v=24
 
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Scooter
Posts: 838
Joined: Sun Jun 20, 1999 12:18 pm

RE: Born-Again USAirways Set For Takeoff

Tue Sep 27, 2005 5:38 am

Quoting USAF336TFS (Reply 5):
I wouldn't be surprised the the "Born-Again US Airways" will be back again in bankruptcy court in several years.

Isn't there a law regarding how many times a company or individual can enter bankruptcy protection? For the love of god...If they can't make this merger work, they deserve to go out of business.
My name is Scott, and I am addicted to writing trip reports.
 
rj777
Posts: 1549
Joined: Sat Dec 02, 2000 1:47 am

RE: Born-Again USAirways Set For Takeoff

Tue Sep 27, 2005 5:39 am

The NYSE Ticker is LCC?
What The?
 
Lono
Posts: 1136
Joined: Sun Apr 04, 2004 5:47 pm

RE: Born-Again USAirways Set For Takeoff

Tue Sep 27, 2005 5:52 am

Quoting USAF336TFS (Reply 5):
Born-Again US Airways" will be back again in bankruptcy court in several years.

Think will take several years....???? I don't see this working..... mergers these days just make a bigger mess out 2 smaller mess's...
Wally Bird Ruled the Skys!
 
ouboy79
Posts: 4111
Joined: Sun Nov 18, 2001 1:48 pm

RE: Born-Again USAirways Set For Takeoff

Tue Sep 27, 2005 11:13 am

Quoting Lono (Reply 9):
Think will take several years....???? I don't see this working..... mergers these days just make a bigger mess out 2 smaller mess's...

Just like those who said US was gonna be dead in the 90s after 427 went down...then again in Bk #1....Bk #2....and half a dozen other times in between.