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Dawn Gilbertson
The Arizona Republic
May. 13, 2005 12:00 AM
A veteran America West Airlines shareholder has emerged as another key player in a possible merger between America West and US Airways.
Boston-based PAR Capital Management, which was America West's largest shareholder two years ago and still has a stake in the Tempe airline and other carriers, is seriously weighing a sizable investment in the deal, according to people close to the talks. The talks are going full throttle in Washington, D.C.
While the pieces appear to be falling into place for a merger, the parties' most recent goal of a Monday announcement appears to be slipping because there are still so many moving parts, sources familiar with the talks say.
The timing would get interesting from there. America West's annual shareholders meeting, like most a generally uneventful affair, is Tuesday in Tempe, and its regular quarterly board meeting starts the next day.
PAR Capital's possible stake is believed to be in the same dollar range as Air Wisconsin's previously announced $125 million commitment to help US Airways emerge from Chapter 11.
See Story
The Arizona Republic
May. 13, 2005 12:00 AM
A veteran America West Airlines shareholder has emerged as another key player in a possible merger between America West and US Airways.
Boston-based PAR Capital Management, which was America West's largest shareholder two years ago and still has a stake in the Tempe airline and other carriers, is seriously weighing a sizable investment in the deal, according to people close to the talks. The talks are going full throttle in Washington, D.C.
While the pieces appear to be falling into place for a merger, the parties' most recent goal of a Monday announcement appears to be slipping because there are still so many moving parts, sources familiar with the talks say.
The timing would get interesting from there. America West's annual shareholders meeting, like most a generally uneventful affair, is Tuesday in Tempe, and its regular quarterly board meeting starts the next day.
PAR Capital's possible stake is believed to be in the same dollar range as Air Wisconsin's previously announced $125 million commitment to help US Airways emerge from Chapter 11.
See Story