Company Watch - Northwest Airlines.Jan 22, 2007 US carriers, battered by low-cost competition at home, have sought out growth on lucrative international routes, and China's economic expansion presents a strong opportunity for airlines with service there. The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. keeps tight reins on rights to fly to China, so competition for the routes among airlines is stiff. Interested parties have 14 days to object to the government decision. The Transportation Department then has seven days to answer the objections. After that, the department will review the comments and issue a final decision. American, Continental and Northwest each expressed disappointment that their applications weren't accepted. But none indicated plans to formally object to the decision. Jan 9, 2007 Delta, Northwest In Talks On Link-Up - Report. Delta Air Lines and Northwest Airlines are in talks on a possible link-up, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a newspaper report on Wednesday. Jan 10, 2007 Delta Air Lines and Northwest Airlines should merge and combine their networks when they emerge from bankruptcy protection, according to AirGuide reports. The US Airways airways Anatomy The 'pipes'–trachea, bronchi, bronchioles–through which air passes to and from the alveoli. See Small airways. $10.3 billion bid for Delta is a bad deal for leisure and business travelers. The possible merger of Delta with Northwest would be much better, since NW is just buying time before it falls apart. Jan 14, 2007 Delta Air Lines and Northwest Airlines have discussed combining when they emerge from bankruptcy protection, according to media reports. US Airways on Wednesday boosted its bid for Delta to $10.3 billion. Delta has said it prefers to emerge from bankruptcy as an independent carrier. Jan 11, 2007 Commission delays vote on plan to keep Northwest in Twin Cities. The Metropolitan Airports Commission on Tuesday delayed a vote on a plan aimed at keeping Northwest Airlines' hub operations in the Twin Cities because the airline said it could not agree to some of the terms. The plan would lower charges for all carriers and give them a portion of revenue from concessions. Jan 17, 2007 Northwest Airlines plans to emerge from Chapter 11 as an independent company in the second quarter and to eliminate unsecured debt Unsecured debt Debt that does not identify specific assets that the debtholder is entitled to in case of default. by paying unsecured creditors Unsecured Creditor An individual or institution that lends money without obtaining specified assets as collateral. This poses a higher risk to the creditor because they have nothing to fall back on should the borrower default on the loan. A debenture holder is an unsecured creditor. with common stock in the reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. carrier, according to its reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. filed Friday. Jan 15, 2007 Northwest Airlines reported a $274 million net loss in November but a positive operating result of $52 million. Revenues were $981 million and expenses came to $929 million. Jan 12, 2007 Northwest Reorganization Plan Due By Next Week. Northwest Airlines intends to file its plan of reorganization with a US bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. by early next week, a Northwest spokesman said on Tuesday. Jan 9, 2007 Northwest Airlines flew 6.38 billion RPMs in December, up 1.1% from the year-ago month. Capacity rose 0.1% to 7.9 billion ASMs and load factor went up 0.7 point to 80.7%. Domestic RPMs rose 1.4% to 3.45 billion against a 1% decline in ASMs to 4.34 billion, lifting load factor 1.9 points to 79.6%. International traffic grew 4.4% to 2.52 billion RPMs, capacity was up 5.8% to 2.99 billion ASMs and load factor dropped 1.1 points to 84.1%. Jan 9, 2007 Northwest to file reorganization plan next week. Northwest Airlines plans to file a reorganization plan to exit bankruptcy with a federal court next week. The airline says it does not intend to ask for an extension. The filing will explain how the carrier will handle existing shareholders as well as compensation for unsecured creditors. Jan 9, 2007 Northwest-Delta combination would have synergies, analysts say. Some observers say a potential merger between Delta Air Lines and Northwest Airlines is a strong alternative to US Airways' bid for Delta because the two airlines have complementary route structures. However, it is unclear if such a combination would leave all current hubs intact and how it would affect fares and customer service. Jan 12, 2007 Shareholders will object to Mesaba bid at hearing. Two Mesaba shareholders say they will formally object to Northwest Airlines' plans to buy the airline at a hearing today, saying Northwest is trying to benefit from Mesaba's bankruptcy. Northwest views the purchase as a "fair and adequate consideration for the value being transferred to Northwest." Jan 9, 2007 MAIR Holdings MAIR Holdings NASDAQ: MAIR is an airline holding company based in Minneapolis, Minnesota. Big Sky Airlines, has not been profitable since it was purchased by MAIR. History Started in 1993 as Mesaba Holdings, Inc., holding company for Mesaba Aviation, Inc. minority shareholder Riley Investment Management, which reportedly holds 5.2% of the Mesaba Airlines Mesaba Airlines is an American regional airline based in Eagan, Minnesota. The airline operates under Mesaba Aviation, Inc. a wholly owned subsidiary of Northwest Airlines. All of its flights are operated under the name Northwest Airlink for Northwest Airlines. parent, said last weekend that Northwest Airlines' offer to acquire Mesaba is "grossly inadequate" and that it will attempt to block or change the deal. Riley said NWA NWA Northwest Airlines (ICAO code) NWA Northwest Arkansas NWA National Wrestling Alliance NWA National Weather Association NWA National Works Agency (Jamaica) NWA Network Analyzer deliberately "destroyed value for MAIR MAIR Malfunction/Accident/Incident Report MAIR Motion Adaptive Intra Refresh (MPEG) shareholders" and is now trying to buy the bankrupt regional below fair market value. Jan 9, 2007 Pinnacle Airlines 9e redirects here. For the arrondissement in Paris, see IXe arrondissement. Pinnacle Airlines (NASDAQ: PNCL) (formerly Express Airlines I) is an American regional airline based in Memphis, Tennessee, USA, operating all of its flights under the name transferred $335 million of its $377.5 million stipulated unsecured claim against Northwest Airlines to "several third parties" for aggregate proceeds of about $283 million net of expenses. The transaction is subject to bankruptcy court approval. Jan 12, 2007 The US Transportation Department awarded United daily service between Washington's Dulles Airport and Beijing's China Peking Capital Airport. Flights will begin March 25 if the agency's decision becomes final. In winning the route, United beat competing applications from American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the , Continental Airlines and Northwest Airlines, which all want to bolster their existing China service. The Transportation Department said United's proposed capital-to-capital route benefits the greatest number of travelers. Jan 9, 2007 01/22/2007 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Jan 8, 2007 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion