!! HP/US: 20 A350, AC to invest 125M, as per the FT
May 15, 05, 8:16 pm
#1
Original Poster
Join Date: Aug 2001
Location: Ottawa and Montreal
Programs: SPG Gold / IHG Spire / Emerald Executive Elite
Posts: 454
!! HP/US: 20 A350, AC to invest 125M, as per the FT
Would be called US Airways, be based in PHX and have more than 2 billions in liquidity. Air Canada would put in 125M in return of some maintenance business (and I guess some pax into its international network + having a plan B in case of UA failure)
See link:
http://news.ft.com/cms/s/936e1826-c5...00e2511c8.html
ric
See link:
http://news.ft.com/cms/s/936e1826-c5...00e2511c8.html
ric
May 16, 05, 1:47 am
#2
Guest
Posts: n/a
Originally Posted by YUL
Would be called US Airways, be based in PHX and have more than 2 billions in liquidity. Air Canada would put in 125M in return of some maintenance business (and I guess some pax into its international network + having a plan B in case of UA failure)
See link:
http://news.ft.com/cms/s/936e1826-c5...00e2511c8.html
ric
See link:
http://news.ft.com/cms/s/936e1826-c5...00e2511c8.html
ric
May 16, 05, 4:31 am
#3
Join Date: Sep 2002
Location: Vancouver, BC
Posts: 839
Originally Posted by YUL
Would be called US Airways, be based in PHX and have more than 2 billions in liquidity. Air Canada would put in 125M in return of some maintenance business (and I guess some pax into its international network + having a plan B in case of UA failure)
See link:
http://news.ft.com/cms/s/936e1826-c5...00e2511c8.html
ric
See link:
http://news.ft.com/cms/s/936e1826-c5...00e2511c8.html
ric
"As one former senior airline executive puts it, it is like combining two one-legged men. They are not going to be a track star, even if they are ambulatory.
roflmao!
May 16, 05, 7:50 am
#5
At Large
Join Date: Jan 2002
Location: oakville Ontario canada;AC*SE
Posts: 16,985
Originally Posted by exAC
The $125 mil gets ACE in the door to collect some hefty management, consulting and advisor fees, primarily to the other big investors. Otherwise there is little advantage to AC as an airline.
May 16, 05, 8:54 am
#6
A FlyerTalk Posting Legend and Moderator: Manufactured Spending
Join Date: May 2002
Location: YEG
Posts: 55,338
May 16, 05, 3:34 pm
#7
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Originally Posted by tcook052
May 16, 05, 3:36 pm
#8
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Originally Posted by parnel
Probably so but Cerbereus has bigger ideas than just owning a piece of AC I think. It would not be their style to sit tight on just being an ACE shareholder.
