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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 12.05.16

Airborne 12.06.16

Airborne 12.07.16

Airborne 12.08.16

Airborne 12.02.16

Airborne Hi-Def On YouTube

Airborne 12.05.16

Airborne 12.06.16

Airborne 12.07.16

Airborne 12.08.16

Airborne 12.02.16

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

ANN Presents: Bob Hoover Memorial Celebration of Life (11.18.16 -- Special Edit)

Honoring A Great Man, A Great Pilot, A Great American -- and Above All Else… A Great Friend Bob Hoover was, to virtually everyone in the aviation world, the “Pilot&rsq>[...]

Airborne 12.06.16: SpaceX Launching Soon!, 787 AD, DJI Inspire 2

Also: P-51C 'Tuskegee Airmen', Aero-Calendar, EASA Mandate, Master Instructor, 737 MAX Thrust Reverser, LaMia Airline, Flying Colours SpaceX could return to flight by the middle of>[...]

Satcom Direct SD Completes Its Acquisition Of TrueNorth Avionics

Finalization Of The Deal Announced At MEBAA Global aeronautical communications provider Satcom Direct (SD) announced today at MEBAA 2016 that it has closed its purchase of TrueNort>[...]

AD: Fokker Services B.V. Airplanes

AD NUMBER: 2016-24-05 PRODUCT: All Fokker Services B.V. Model F28 Mark 0070 and 0100 airplanes.>[...]

AD: The Boeing Company Airplanes

AD NUMBER: 2016-19-16 PRODUCT: Certain The Boeing Company Model 707-300, 707-300B, and 707-300C series airplanes; and certain Model 727C, 727-100C, and 727-200F series airplanes.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC