SWA grounds 128 aircraft
 

Southwest Airlines grounds 128 Boeing 737 airplanes for missed inspections | Dallas Morning News

Ouch!

UPDATED, 12:30 a.m. Wednesday: Southwest Airlines confirmed Tuesday evening that it voluntarily grounded 128 of its Boeing 737-700 aircraft that day after it discovered that the airplanes had not received required inspections. That represents nearly 20 percent of its fleet of 665 airplanes as of Dec. 31, 2014. ...

We landed on the moon!?

I've also heard of a possible AirTran merger.....

Has anybody seen their new paint job? I also hear frontier is going to put out new colors. ill even bet money they revel them within a day of each other right after they get leaked.

Some guy just flew an aeroplane across the Atlantic!

Don't call it a "merger". According to the majority of participants it was an "acquisition" :rolleyes:

This rationale is particularly alluring to companies when times are tough. Strong companies will act to buy other companies to create a more competitive, cost-efficient company. The companies will come together hoping to gain a greater market share or to achieve greater efficiency. Because of these potential benefits, target companies will often agree to be purchased when they know they cannot survive alone.

Distinction between Mergers and Acquisitions
Although they are often uttered in the same breath and used as though they were synonymous, the terms merger and acquisition mean slightly different things.

When one company takes over another and clearly established itself as the new owner, the purchase is called an acquisition. From a legal point of view, the target company ceases to exist, the buyer "swallows" the business and the buyer's stock continues to be traded.

In the pure sense of the term, a merger happens when two firms, often of about the same size, agree to go forward as a single new company rather than remain separately owned and operated. This kind of action is more precisely referred to as a "merger of equals." Both companies' stocks are surrendered and new company stock is issued in its place. For example, both Daimler-Benz and Chrysler ceased to exist when the two firms merged, and a new company, DaimlerChrysler, was created.

In practice, however, actual mergers of equals don't happen very often. Usually, one company will buy another and, as part of the deal's terms, simply allow the acquired firm to proclaim that the action is a merger of equals, even if it's technically an acquisition. Being bought out often carries negative connotations, therefore, by describing the deal as a merger, deal makers and top managers try to make the takeover more palatable.

http://www.investopedia.com/universi...s/mergers1.asp


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