Originally Posted by
flyallnite
Deal Journal colleagues Gina Chon, Anupreeta Das and Mike Spector report that Delta Air Lines and private equity firm TPG Capital are separately assessing possible bids for American Airlines parent AMR Corp., people familiar with the matter said.
AMR filed for bankruptcy court protection in late November and is in the midst of restructuring its debt and cutting labor costs after it. Any bid for AMR likely would come several months from now.
Tawk amongst yahselvs
US Air took Delta to school on how to bid up assets in bankruptcy. I'm sure Delta would actually like to have some of these resources. It is a win win, unless the last bidder pays more than the resource's earning potential.
IMHO, Richard Anderson may be the best CEO in the business at the moment.