Merger unready for takeoff
#1
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=
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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