deltawatch
Veteran
- Aug 20, 2002
- 887
- 0
"The company hit the iceberg, and now the captain has jumped overboard -- along with his golden parachute," said Robert Mann, head of R.W. Mann & Co. Inc., an airline consultancy based on Long Island.
Some analysts think Siegel's exit -- as well as his replacement with a retired investment banker -- could prompt US Airways to sell assets. Earlier this year, the airline retained Morgan Stanley to shop such US Airways assets as the lucrative North East shuttle, landing slots at major airports and express carriers, such as PSA or Piedmont-Allegheny Airlines.
"I think asset sales will happen sooner, rather than later," Mann said. He said perhaps British magnate Richard Branson, head of Virgin Atlantic Airways, would acquire US Airways' assets to help realize his aim of launching a carrier in the United States.
STORY
Some analysts think Siegel's exit -- as well as his replacement with a retired investment banker -- could prompt US Airways to sell assets. Earlier this year, the airline retained Morgan Stanley to shop such US Airways assets as the lucrative North East shuttle, landing slots at major airports and express carriers, such as PSA or Piedmont-Allegheny Airlines.
"I think asset sales will happen sooner, rather than later," Mann said. He said perhaps British magnate Richard Branson, head of Virgin Atlantic Airways, would acquire US Airways' assets to help realize his aim of launching a carrier in the United States.
STORY
