beefer
Posts: 350
Joined: Wed Jun 11, 2003 1:37 pm

NWA CEO: No Merger In 2007!

Wed Jan 31, 2007 4:09 am

Northwest Airlines Corp. plans to emerge from bankruptcy as an independent carrier and stay that way through 2007, Chief Executive Doug Steenland said on Tuesday.

Northwest is due to file details of its reorganization plan by Feb. 15. "That business plan and that valuation will be predicated on Northwest being a standalone, independent airline," he said.

http://www.startribune.com/535/story/969506.html

[Edited 2007-01-30 20:10:07]
 
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litz
Posts: 1884
Joined: Wed Dec 24, 2003 6:01 am

RE: NWA CEO: No Merger In 2007!

Wed Jan 31, 2007 5:30 am

This is no surprise at all.

The rumors concerning a DL/NW merger always said any such action -- if taken -- would not happen until both carriers had emerged from BK as independent carriers.

And remember - this was just a rumor.

There have been no actual talks or negotiations of any kind.

- litz
 
centrair
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Joined: Thu Jan 13, 2005 3:44 pm

RE: NWA CEO: No Merger In 2007!

Wed Jan 31, 2007 3:57 pm

And the dialog I bet went something like this
DL: "Good thing we don't have to go through with anything yet eh?"
NW: "No doubt."
DL: "Tomorrow US will have to withdraw its proposal and we can all be independent carriers."
NW: "You betcha. Hey...Wanna come over for hotdish after ya come out of Bankruptcy then?"
DL: "Sounds good. How maybe mid-summer."
NW: "Good timing. We have Aquatennial ya know."
Yes...I am not a KIX fan. Let's Japanese Aviation!
 
CO767FA
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RE: NWA CEO: No Merger In 2007!

Wed Jan 31, 2007 10:55 pm

IMHO, if I was employed with NW....I would trust the CEO's comments about as much as I do the President of the USA.
 
bobnwa
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RE: NWA CEO: No Merger In 2007!

Wed Jan 31, 2007 11:30 pm

Quoting CO767FA (Reply 3):
IMHO, if I was employed with NW....I would trust the CEO's comments about as much as I do the President of the USA.

While the NWA CEO has been ruthless in his restructuring cutbacks, I don't believe he has lied. Please give a few examples where you think he has. You must have a few to be able to make your statement.
 
AirEMS
Posts: 625
Joined: Mon May 17, 2004 6:34 am

RE: NWA CEO: No Merger In 2007!

Thu Feb 01, 2007 7:01 am

So when does NW's fiscal year change?  duck 


-Carl
If Your Dying Were Flying
 
RDUDDJI
Posts: 1708
Joined: Fri Jun 04, 2004 4:42 am

RE: NWA CEO: No Merger In 2007!

Thu Feb 01, 2007 12:43 pm

Quoting Beefer (Thread starter):
"That business plan and that valuation will be predicated on Northwest being a standalone, independent airline,"

These are exactly the things CEO's say right before they announce a merger!  Smile
Sometimes we don't realize the good times when we're in them