Hooters Airline?
Sep 6, 2002, 5:42 pm
#1
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Hooters Airline?
What are the odds that the buyout of Vanguard by the Hooters Restaurant folks will happen? Has anyone heard any news in the last week or so?
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Addicted to airline miles? Check out: Mileage Workshop --- "You can't be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer." - Frank Zappa (1940-93)
[This message has been edited by MileageAddict (edited 09-06-2002).]
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Addicted to airline miles? Check out: Mileage Workshop --- "You can't be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer." - Frank Zappa (1940-93)
[This message has been edited by MileageAddict (edited 09-06-2002).]
Sep 8, 2002, 2:07 pm
#2
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In the Houston Chronicle:
. Hooters may buy Vanguard Airlines
Hooters may buy Vanguard Airlines Associated Press KANSAS CITY, Mo. -- The owner of the Hooters restaurant chain is preparing a bid to buy the assets of bankrupt Vanguard Airlines. The Kansas City-based airline will be renamed Hooters Air and may use the distinctive orange coloring, said A.J. Block ...
http://www.chron.com/cs/CDA/story.hts/business/1564706
This is a real "hoot."
. Hooters may buy Vanguard Airlines
Hooters may buy Vanguard Airlines Associated Press KANSAS CITY, Mo. -- The owner of the Hooters restaurant chain is preparing a bid to buy the assets of bankrupt Vanguard Airlines. The Kansas City-based airline will be renamed Hooters Air and may use the distinctive orange coloring, said A.J. Block ...
http://www.chron.com/cs/CDA/story.hts/business/1564706
This is a real "hoot."
Nov 7, 2002, 4:01 pm
#3
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Any further news on Hooter Airlines?
I wish to stay away from whoever buys those Vanguard planes.
I wish to stay away from whoever buys those Vanguard planes.
Nov 8, 2002, 10:20 pm
#4
Join Date: Jan 2004
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The guy who owns Hooters made Vanguard an offer, but they rejected it and choose to liquidate the company.
Nov 17, 2002, 1:24 pm
#5
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And the creditors committee went along? The offer must have been below the liquidation value. Hmm.
Nov 19, 2002, 11:30 pm
#6
Join Date: Jan 2004
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It doesn't sound as though the creditors had a choice... the company could either sell or liquidate, and they choose to liquidate. It sounds like the CEO of Vanguard thought it'd be demeaning to sell the airline to Hooters.
On the plus side, it'd probably be easier starting up an airline from MCI than purchasing Vanguard.
On the plus side, it'd probably be easier starting up an airline from MCI than purchasing Vanguard.