Company Watch - US Airways.Nov 20, 2006 Delta rallies support to fend off US Airways bid. Delta Air Lines has held a series of conference calls with creditors to evaluate US Airways' bid, 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. media reports. Delta wants creditors to back its restructuring plan. US Airways, which launched its $8.76 billion bid Wednesday, is still trying to arrange a meeting with Delta's creditors committee. A meeting may be held as early as next week, and Delta representatives are expected to attend. Nov 17, 2006 Small cities struggle to attract, keep airline service. No matter how US Airways' bid for Delta Air Lines plays out, large cities will continue to have plenty of air service, the Wall Street Journal's Scott McCartney Scott McCartney is The Wall Street Journal's travel editor, as well as a regular columnist for the newspaper. Background McCartney currently lives in Dallas, though he is a native of Boston. He attended Duke University and graduated in 1982 with an A.B. writes. Smaller cities may continue to face limited service and high fares, he writes. Nov 17, 2006 US Airways and Delta regional, Shuttle operations up in air. US Airways' bid to acquire bankrupt Delta Air Lines raises questions about the future of the regional airlines that have service agreements with the mainline mainline Drug slang verb To inject a drug carriers and compete on a number of routes. Nov 17, 2006 US Airways' proposed merger with Delta casts a shadow on 50 incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. 76 planes Delta has asked regional carriers to bid for, analysts at Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . noted in a recent research report, adding US Airways might opt not to pursue that business. Such a move, they pointed out, could put near-term growth of SkyWest, Republic and Mesa in question. Nov 17, 2006 Analysts estimate odds of US Airways-Delta deal. One Wall Street analyst puts the odds of US Airways and Delta Air Lines combining as high as 80%. Other analysts say United Airlines might succeed in a bid for Delta if it tops the more than $8 billion offered by US Airways. Nov 17, 2006 US Airways takeover of Delta faces big hurdles despite potential value. The US airline industry is taking stock of US Airways Group's $8 billion takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares for bankrupt Delta Air Lines, a deal that would reshape the landscape of the world's largest commercial aviation market but must overcome significant hurdles before coming to fruition. Nov 17, 2006 Bid for Delta Air Lines may set off wave of mergers, observers say. US Airways' hostile bid for Delta could trigger a wave of merger activity in the airline industry. Some observers say consolidation could help the industry speed its financial recovery. Delta CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Gerald Grinstein Gerald Grinstein is the former CEO of Delta Air Lines, Inc. of Atlanta, Georgia, the world's second largest airline. Grinstein came to the position in 2004, after CEO Leo F. repeated Wednesday that Delta plans to emerge from bankruptcy as an independent airline. US Airways CEO Doug Parker
William Douglas Parker is the current chairman and chief executive officer of US Airways. said a combination of the two airlines could create $1.65 billion in annual cost savings. The deal faces several obstacles, including Delta management, antitrust issues, and a possible competing bid from another carrier or investor group. Nov 16, 2006 Carriers would divest overlapping assets if bid succeeds, Parker says: US Airways and Delta Air Lines would need to divest assets in the Northeast if US Airways' hostile bid succeeds, US Airways CEO Doug Parker says. 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 , Northwest Airlines and United Airlines may want gates that would open up in Boston, New York Boston is a town in Erie County, New York, United States. The population was 7,897 at the 2000 census. The town is named after Boston, Massachusetts. The Town of Boston is an interior town of the county and one of the county's "Southtowns. and Washington. Analysts say the combined carrier would need to sell some assets to address regulators' antitrust concerns. Nov 16, 2006 Proposed combination has advantages, disadvantages for fliers. The combination of Delta Air Lines and US Airways would create benefits as well as risks for consumers, observers say. US Airways' frequent fliers would have access to Delta's extensive international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . However, the combined carriers could reduce service in cities where they overlap, possibly resulting in higher fares on some routes. Nov 16, 2006 US Airways makes blockbuster bid for Delta. US Airways Group US Airways Group Inc. NYSE: LCC is the Tempe, Arizona-based airline holding company that operates US Airways, US Airways Express and America West Airlines. It also operates additional companies that provide associated services. continued its one-airline assault on the US airline market structure with an $8 billion bid to merge with Delta Air Lines as part of that carrier's bankruptcy restructuring. Nov 16, 2006 Unions wary of proposed merger: While US Airways, now bidding to take over Delta, has won high marks from investors for its efforts to integrate with America West, union reaction has been less than enthusiastic. US Airways CEO Doug Parker promises the airline would spend $90 million to equalize e·qual·ize v. e·qual·ized, e·qual·iz·ing, e·qual·iz·es v.tr. 1. To make equal: equalized the responsibilities of the staff members. 2. To make uniform. pay among a combined airline's workers. Union leaders say existing pay problems should be fixed before any merger with Delta. Nov 16, 2006 US Airways seeks another transformation in bid for Delta. After two bankruptcy filings and a merger with America West Airlines America West Airlines was one of the United States' ten major airlines. The airline was based in Tempe, Arizona, and is now a part of US Airways Group. At the time of its integration into US Airways, the airline maintained two hubs, one at Phoenix Sky Harbor International , US Airways now hopes to become the world's largest airline. The company on Wednesday launched a hostile bid for Delta Air Lines. Some analysts say labor questions and Delta's size could make a US Airways-Delta combination complicated. Nov 16, 2006 US Airways' bid to merge with Delta prompted Standard & Poor's to place the company on CreditWatch, saying that if US Airways successfully merges with Delta, ratings could be raised modestly. But if a competing Delta bid emerges that forces US Airways to raise its offer, ratings would fall. Nov 15, 2006 US Airways' success in acquiring Delta isn't assured. While Parker highlighted to analysts that US Airways management believes no regulatory issues exist that cannot be resolved, analysts at Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. pointed out antitrust concerns are likely to focus on the proximity of Delta and US Airways' Atlanta and Charlotte hubs. Nov 15, 2006 Low-Fare Rivals Key To US Airways-Delta Deal. The emergence of low-fare competitors could be a key factor in getting US antitrust authorities to approve US Airways' proposed USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $8 billion purchase of bankrupt rival Delta Air Lines, experts said on Wednesday. Nov 15, 2006 US Airways say the merger would drive a consolidation of wide-body aircraft. Delta operates 104 767-300/400 aircraft and eight 777s. The US Airways fleet includes 10 767-200s and nine A330-300s. The fleet plan does involve a reduction in 50-seat regional jets. Officials avoided specifics in any aircraft category. Nov 19, 2006 US Airways, Delta employees have mixed reaction to potential merger. US Airways and America West Airlines pilot groups, represented by the Air Line Pilots Assn., conducted informational picketing yesterday in Charlotte and Phoenix, upset that the company is looking to acquire Delta Air Lines even though it "has yet to complete the integration of the pilot groups that is required" by terms of last year's US/AWA merger. Nov 17, 2006 US Airways pilots make contract demands. US Airways pilots say they should have a fair contract in place before the carrier moves to acquire Delta Air Lines. The airline and the pilots union are currently in contract negotiations. The pilots work under two contracts: one for America West pilots and one for US Airways pilots. Nov 17, 2006 US Airways' Parker aiming for repeat takeover victory: In 2005, US Airways CEO Doug Parker successfully took over the airline while leading America West. Like Delta, US Airways also operated under bankruptcy protection. After the combination, the airline eliminated unprofitable routes, lowered costs and streamlined its fleet. Nov 16, 2006 US Airways is pledging a 10% capacity reduction from combining the carriers and synergies of $1.65 billion in two years. Parker emphasized half those synergies would be lost if the merger occurred after Delta exited Chapter 11. "The right way to do this is to get the proposal out now," he noted. Nov 15, 2006 US Airways is publicly touting its offer to merge with Delta. CEO Doug Parker declared that the alternative plan put forth by US Airways is superior to Delta's framework to emerge as a stand-alone carrier."We welcome the opportunity for people to scrutinize scru·ti·nize tr.v. scru·ti·nized, scru·ti·niz·ing, scru·ti·niz·es To examine or observe with great care; inspect critically. scru this offer, and that's what we're asking for, a chance to get a day in front of creditors," Parker told analysts. Nov 15, 2006 US Airways' close relationship with Airbus, which traces to long before the manufacturer helped fund the airline's exit from bankruptcy, could redound re·dound intr.v. re·dound·ed, re·dound·ing, re·dounds 1. To have an effect or consequence: deeds that redound to one's discredit. 2. to Airbus's benefit. Nov 19, 2006 US Airways disputed that it is "an Airbus airline." It is working with Boeing in a replacement program for 737 and 757s, Parker says. Furthermore, Boeing occupies the chair of the Delta creditors committee and will be in a position to wield strong influence--for the merger or against it--in addition to securing a place for Boeing aircraft. Nov 19, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To 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 Nov 13, 2006 |
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