No Other Offers For US Airways | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 11.26.14 ** HD iPad-Friendly -- Airborne 11.26.14 **
** Airborne 11.24.14 ** HD iPad-Friendly -- Airborne 11.24.14 **
** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **

Sun, Jul 03, 2005

No Other Offers For US Airways

Thirty-Day Period For Alternative Offers On Proposed Merger With America West Expires

US Airways said Saturday that the 30-day period for alternative offers on its proposed merger with America West Airlines has ended without any competing offers having been submitted. US Airways President and Chief Executive Officer Bruce R. Lakefield issued the following statement:

"In formulating our merger proposal with America West, we took a comprehensive approach built on a robust business plan, a strong balance sheet, an attractive customer proposition, and support from key stakeholders. Over the past ten days, we have made significant progress in laying the groundwork for completing the merger, including antitrust clearance from the Department of Justice, the filing of registration statements with the Securities and Exchange Commission, and the submission of our disclosure statement and Plan of Reorganization with the bankruptcy court. We also remain in discussions with other potential financing partners to provide additional liquidity for the transaction.

"It would have been difficult for other offers to have provided comparable value to our stakeholders, and with this bidding process now behind us, we will begin planning with America West for the integration of our two companies, which will create an airline that offers numerous benefits for our customers and the communities we serve."

FMI: www.usairways.com, www.americawest.com

Advertisement

More News

Aero-TV: Potential Energy -- Aero Electric Aircraft Corporation

The Future Of Aviation Could Prove To Be Uniquely Powerful Learning to fly can be an “electrifying” experience, and ANN CEO and Editor-In-Chief, Jim Campbell, gives us >[...]

Airborne 11.26.14: Island Air Scrooges Pilots, DC's NextGen, EAA On Stadium Flts

Also: F35C Pilots Build Time, A Sea Of Yellow Cubs, Lycoming's Dual Fuel Husky, CAP's Gold Medal, Boeing SC's First 787-9 This report could be called the story of the Grinch who st>[...]

AeroSports Update: What Is An LSA, And How Do I Know?

The Term Light Sport Aircraft (LSA) Is A Description Of An Aircraft, Not A Specific Type Of Aircraft Airworthiness Certification Anyone that holds a sport pilot certificate, or any>[...]

Airborne 11.26.14: Island Air Scrooges Pilots, DC's NextGen, EAA On Stadium Flts

Also: F35C Pilots Build Time, A Sea Of Yellow Cubs, Lycoming's Dual Fuel Husky, CAP's Gold Medal, Boeing SC's First 787-9 This report could be called the story of the Grinch who st>[...]

ANN's Daily Aero-Linx (11.28.14)

NEXRAD Radar Updated, accurate weather information is among the most critical data we need for safe flight, particularly on long cross-countries.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC