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Merger unready for takeoff

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Old 06-09-2005 | 02:22 AM
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From: B737 Captain
Default Merger unready for takeoff

Forbes.com

The proposed merger of US Airways and America West is a triumph of hope over experience. Combining the ailing America West with the dying US Airways is a great deal--for creditors. The injection of $1.5 billion in new capital will keep this sickly hybrid airborne for a while, long enough for some debt holders to get most of their money back.

http://www.forbes.com/business/free_...omag&referrer=
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