Originally Posted by
NERD
Hmmm..... Surprised this is not being discussed.
Bloomberg News
IAG May Consider Buying Stake in American Airlines, Mail Says
International Consolidated Airlines Group SA (IAG), owner of British Airways, may consider buying a stake in American Airlines Inc., the Daily Mail reported, citing Chief Executive Officer William Walsh.
The move is to prevent American Airlines from being taken over by Delta Air Lines Inc. (DAL), according to the newspaper. It would be a “small investment,” Walsh was citing as saying by the Daily Mail.
To contact the reporter on this story: Sherry Su in London at
[email protected]
To contact the editor responsible for this story: Mike Harrison at
[email protected]
Oh, I've been discussing it, but not on here. Lots could unfold in the next few days.
15th is the date set for the hearing to void the AMR APA CBA but could be delayed until the 19th.
MEC is in session this week in CVG.
Anyone know which execs are going to be speaking in closed session? Haven't seen the advance agenda yet.
As Bar said, we've been discussing the fallout from the AMR CH11 for a long time. Of note, I am not sure BA really wants to buy a stake before new common stock is issued. BA does not want to compete with DAL. DAL has a plan B is they cannot access the AMR LHR slots; Virgin.
I am guessing that DAL has been talking "theoretically" with the creditors of AMR for some time. AMR imo was the driver for our early deal.
With the TA done and at the level it was done at, we have cleared the way for DAL to make a play for all of AMR if the so choose, then divest what they need to for ATI. UAL wants parts too. Its the real driver for them working feverishly to get a TA done. All of nothing could happen, but all parties at AMR are even stating that a merger et al is very likely now and not later. The rest is hot air. I still think assets like terminals and route authorities are what we want.
The next few weeks "may" be interesting if contracts get voided. More integration for employees. Oh joy.
*anyone have an update on the T-4 project in JFK?