Originally Posted by
Linebacker35
I would say United is preety safe.... if worst came to worst I could actualy see Air Canada sinking huge sums of money into United. Heck AC saved Continental before, invested millions in USair when they were in trouble, started up Air Jamaica. So Air Canada has bailed out ailing airlines before.
ANd its in AC's best interest to keep united going at all costs(probably the closest airline partnership in the world).
Besides I could see other star alliance partners chipping in to help ol United out if they needed it
Whaa...
Well, they sure didn't help out when the ATSB refused to give UAL money after Sept 11th.
UAL's problem is simple. Glenn Tilton (CEO), Jake Brace (the CFO), and the other top management have no intention of making any money. They want UAL to do poorly, they want UAL to be a failiing airline. This is ubba-capitalism at its worst.
Glenn, Jake, Top managment, the hedge fund managers, and options traders stand to make hundreds of millions of dollars if UAL is bought out by another carrier. The drive up of the stock price, the options that they hold on shares etc, etc, etc. Companies that are underperforming are the companies that other companies raid. If all the other carriers are able to make profits, even the ones that didn't go thru bankruptcy, then why can't UAL?
Haven't you wondered why Tilton is running around everywhere saying UAL needs to merge with another airline? Sure it does, to make him filthy rich! Tiltons take if there's a merger will be about $55,000,000+ that is, based on
current stock price.
Onfinal