Originally Posted by
WEACLRS
In fact (I'm not sure about this), has there ever been a merger allowed between two top six major airlines when both were making money? The only big airline mergers I can think of have occurred when the one being acquired was deep in chapter 11 and about to go out of business (TWA, Pan Am, Eastern, USAir, etc.).
Here is a good review of what congress was thinking and doing just seven short years ago the last time the industry was "healthy" right before 9/11. It wouldn't surprise me to see some of this legislation dusted off and reconsidered.
http://democrats.senate.gov/~dpc/pubs/107-1-143.html
Good info, minor footnote, TWA was not in BK when they agree to be bought by AMR. AMR made it part of the deal to eject Carl Icahn and the high aircraft lease payments. In the BK preceedings, AMR was successful on both accounts. I know it's a "so what" footnote, but it's an accurate one.
Again, thx for your info,
FF