ralphcramden
Member
In a series of very interesting posts on USAviation.com's Delta Air Lines message board, Mr. ralphcramden broke the news on that forum ( http://www.usaviation.com/forums/index.php?showtopic=32150 )that several other airlines were preparing to bid on certain assets of the struggling, Hapeville-based carrier.
As secretly told to Mr. ralphcramden by two highly connected New York-based investment bankers, the management teams of both LCC and DAL were expecting Southwest, AirTran, United, and possibly others to enter the process.
LCC management welcomes this development as a way to "downsize" DAL while simultaneously countering potential anti-trust and political objections. Most important of all, these bids will sweeten the pot in a way that will have the stakeholders clamoring for approval. This places DAL in danger of losing control of the process, which is always a potential outcome when a company enters bankruptcy protection. ( A concept first reported on this forum by Mr. ralphcramden here: http://www.usaviation.com/forums/index.php?showtopic=32092 )
Mr.ralphcramden comments:
A merger between the Tempe and Hapeville based carriers is in the best interest of both carriers and their employees. A bidding war in bankruptcy court is a worst case scenario for DAL's non-management personnel.
When would now be a good time for WorldTraveler to put the interests of DAL's loyal frontline troops above those of the self-interested Hapeville management team? :huh:
Regards,
ralphcramden
As secretly told to Mr. ralphcramden by two highly connected New York-based investment bankers, the management teams of both LCC and DAL were expecting Southwest, AirTran, United, and possibly others to enter the process.
LCC management welcomes this development as a way to "downsize" DAL while simultaneously countering potential anti-trust and political objections. Most important of all, these bids will sweeten the pot in a way that will have the stakeholders clamoring for approval. This places DAL in danger of losing control of the process, which is always a potential outcome when a company enters bankruptcy protection. ( A concept first reported on this forum by Mr. ralphcramden here: http://www.usaviation.com/forums/index.php?showtopic=32092 )
Mr.ralphcramden comments:
A merger between the Tempe and Hapeville based carriers is in the best interest of both carriers and their employees. A bidding war in bankruptcy court is a worst case scenario for DAL's non-management personnel.
When would now be a good time for WorldTraveler to put the interests of DAL's loyal frontline troops above those of the self-interested Hapeville management team? :huh:
Regards,
ralphcramden