I guess that wasnt very polite.
My apologies Jim. What I meant by that terse reply is, simply, that I dont have any more information than you do. The only ones that know for sure are Wolf, Gangwal, and Goodwin. Like you, I only know what is printed in the newspaper, or what my company or my union tell me.
Here's the latest...take from it what you will. I still, however, dont know why you are concerned - you seem quite positive that the planned merger will fail. If so, none of this is your concern. If our merger fails its up to US Airways employees and management to turn our airline around---or go bankrupt trying.
US Air to launch regional line ahead of planned merger
ARLINGTON, Va., Jan 4
- US Airways Group Inc. said on Thursday a new unit, Potomac Air, was ready to begin service as a regional carrier that will be spun off at the same time as US Airways' planned sale to United Airlines in an attempt to satisfy regulators.
Potomac Air will inaugurate flights Friday from Ronald Reagan National Airport in Washington to Charleston, W.Va, Greensboro, N.C., and White Plains, N.Y., using 37-seat turboprop aircraft.
Potomac will eventually fly from Washington to more than 40 destinations in the eastern United States, and will be sold to Robert Johnson, a US Airways board member and founder of Black Entertainment Television. It will be renamed DC Air upon its sale to Johnson.
US Air and United's parent, UAL Corp. (NYSE:UAL - news), came up with the DC Air plan to avoid potential antitrust problems. Their $4.3 billion merger will join No. 6 U.S. airline US Airways with the world's largest carrier.
The two airlines recently agreed with federal regulators to extend an antitrust review to April from a previous deadline of January, a move some analysts viewed as a signal of potential problems.
Johnson has said he is considering bringing in another airline as a partner in DC Air. Delta Air Lines Inc. (NYSE:DAL - news), AMR Corp.'s (NYSE:AMR - news) American Airlines, and Continental Airlines Inc. (NYSE:CAL - news) are all seen as interested parties.
The creation of Potomac Air will ensure seamless service to customers when the assets are transferred to Johnson, US Airways spokesman Rick Weintraub said.
Creating Potomac Air, with its own federal certification, will allow it to create the infrastructure necessary to run an independent airline, including gate agents, route planners and dispatchers, and maintenance and pilot training programs.
It is intended that DC Air will ultimately acquire jet leases for some of its routes. Under the original plan, United would have supplied those leases, but that could change if another airline takes a stake in the venture.