OP
eolesen
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- Jul 23, 2003
- 15,959
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- #76
Of course it's an incorrect leap of faith to assume that a three-way merger would be easy. And nobody claimed that.
Let's go back to your statement...
You never specified three separate corporations. So the CO-PE-NY example is still valid, and I left out FL, which for all intents and purposes was also included in the Big Bang. It's not like PE was a long-time subsidiary -- the PE deal closed about 90-120 days prior to Customer Day One, and that was about 120-180 days after the Frontier deal closed.
Before you try to next argue that FL was just a PE subsidiary, you might want to look at the timings. PE took control in October 1985, and the subsidiary was independently operated just as EA was from the rest of Texas Air. NO integration took place. One was union, one was non-union, one used traditional ticketing and distribution, the other was primarily direct sales only. When FL was placed into bankruptcy, there was no impact on the PE operating subsidiary, although the holding company took a serious hit.
Want another one that's perhaps quite relevant to the discussion?....
USAir-PSA-Piedmont, All three started out 1986 as unique and separate companies. USAir took ownership of PSA in 1986, and less than a year later, took over Piedmont. The merger process for both "subsidiaries" was underway simultaneously during 1988, albeit staggered.
Since you are the most black and white person when it comes to everyone else's proofs (yet always leave an IF, Maybe, or Could in your own prose), here's a final example:
1990 --- Air Inter, Air France, and UTA
Before you try to claim that you only meant US companies, please re-read the quote above. You quite clearly said "industry".
Next time you want to try and do "Six Degrees to Kevin Bacon" in the airline industry, you might want to play somewhere else. This is the stuff my master's thesis is made of.
Let's go back to your statement...
You never specified three separate corporations. So the CO-PE-NY example is still valid, and I left out FL, which for all intents and purposes was also included in the Big Bang. It's not like PE was a long-time subsidiary -- the PE deal closed about 90-120 days prior to Customer Day One, and that was about 120-180 days after the Frontier deal closed.
Before you try to next argue that FL was just a PE subsidiary, you might want to look at the timings. PE took control in October 1985, and the subsidiary was independently operated just as EA was from the rest of Texas Air. NO integration took place. One was union, one was non-union, one used traditional ticketing and distribution, the other was primarily direct sales only. When FL was placed into bankruptcy, there was no impact on the PE operating subsidiary, although the holding company took a serious hit.
Want another one that's perhaps quite relevant to the discussion?....
USAir-PSA-Piedmont, All three started out 1986 as unique and separate companies. USAir took ownership of PSA in 1986, and less than a year later, took over Piedmont. The merger process for both "subsidiaries" was underway simultaneously during 1988, albeit staggered.
Since you are the most black and white person when it comes to everyone else's proofs (yet always leave an IF, Maybe, or Could in your own prose), here's a final example:
1990 --- Air Inter, Air France, and UTA
Before you try to claim that you only meant US companies, please re-read the quote above. You quite clearly said "industry".
Next time you want to try and do "Six Degrees to Kevin Bacon" in the airline industry, you might want to play somewhere else. This is the stuff my master's thesis is made of.
......end of argument.
