How long till the Golden Share gets bought?
#31
Join Date: Feb 2002
Location: Austin, TX
Posts: 693
Does the purchase of the "Golden Share" mean CO can now move forward with their ConUniHound plans?
#32
Join Date: Jul 2005
Location: National Capitol Region
Programs: Delta Dirt Medallion,AA,USairways, WN Rapid Rewards, National Emerald Club
Posts: 3,912
Best Wishes
So best wishes in the future. Continental is a great airline with a great product.
I would like to hear opinions from Continental FFers; now that the golden share has been redeemed, what does the future hold?
I would like to hear opinions from Continental FFers; now that the golden share has been redeemed, what does the future hold?
#33
Join Date: Oct 2004
Location: Clinging to the edifices of a decadent past from the biggest city in America nobody really cares about.
Programs: (ಠ_ಠ)
Posts: 9,077
With UA come many powerful assets (mainly their route structure) but also serious liabilities (mainly their labor woes and cost structure.)
My guess is that we'll see CO pair up with others (AA and Chase come to mind) to make a liquidating offer (or some offer where the assets can be extracted without the labor and other liabilities) for UA and then carve up the assets.
In any event I do not think UA will remain in it's present form. If they do consolidate with CO I think we'll see a non-traditional transaction and the product structure resemble CO's (2 classes with UA style E+), the name might stick but the end result will mainly be based upon CO's platform, not UA's existing one.
That said I do not think we'll see UA pair up with US (we might see Parker purchase a few of UA's assets, but nothing like a merger) nor do I think they'll be able to survive on their own without further dramatic restructuring (Ch 11).
#34
Join Date: Dec 2003
Location: LAS, SAT, IAH
Programs: Flying Nut
Posts: 6,365
SO with the Golden Share being bought... How does that change CO financial standing?
Would they be able to do some finicial negotiations as they now own more of the company? Thoughts?
Would they be able to do some finicial negotiations as they now own more of the company? Thoughts?