Bidders for TWA Identified
Feb 9, 2001, 2:08 pm
#1
Original Poster
Join Date: May 1999
Posts: 6,084
Bidders for TWA Identified
Jet Acquisitions spokeswoman Michelle Tuchman confirmed the group is made up of three individual investors and three investment groups or companies. They include banker Donald R. Moody, president of Moody Trust Co. in Portland; Albert Vitale of West Palm Beach, Fla.; bankruptcy lawyer Stanford Lerch, a principal in the Scottsdale law firm Lerch & DePrima; and Hong Kong-based ERA Assets. Jet Acquisitions' other two corporate founders -- Rio Del Oro Inc. and Cityjet Inc. -- were incorporated in Nevada on Monday and Tuesday, according to the Nevada secretary of state.
http://washingtonpost.com/wp-dyn/art...-2001Feb8.html
http://washingtonpost.com/wp-dyn/art...-2001Feb8.html
Feb 9, 2001, 2:27 pm
#2
Join Date: Nov 1999
Posts: 3,511
I believe
is a FlyerTalker (as well as HotTalk and Airliners.net user).
Albert Vitale of West Palm Beach, Fla
Feb 9, 2001, 2:47 pm
#3
Join Date: Oct 2000
Location: Alexandria, VA, USA
Posts: 140
Sure your not talking about David Vitale, which is on the boards in PLANEBUSINESS? He had something to do consulting the JAG in regards to putting in a bid. I've attached two stories from AIRWISE in regards to this on another board within the TWA section within flyer talk. Those stories can be accessed on the "(New) Company Plans $1B Bid for TWA" board. Sorry, not sure how to throw a link, not a computer geek here, just an airline (TWA) enthusiast.
Feb 9, 2001, 3:58 pm
#4
Original Poster
Join Date: May 1999
Posts: 6,084
Originally posted by JohnnyUSMC:
Sure your not talking about David Vitale, which is on the boards in PLANEBUSINESS?
Sure your not talking about David Vitale, which is on the boards in PLANEBUSINESS?
Feb 9, 2001, 6:07 pm
#5
Original Poster
Join Date: May 1999
Posts: 6,084
"This is a flying fruitcake deal. There's nobody here of substance," said Michael Boyd, president of Boyd Group/Aviation Systems Research in Evergreen, Colorado. "These are not heavy hitters in the airline business. I don't think American has much to worry about."
"Based on what I've seen, I don't see a whole lot behind this (bid)," said Joseph Tiberi, a union spokesman.
"If these clowns somehow wind up in control of TWA, it stands about a 1 percent chance of surviving," he added.
http://quote.bloomberg.com/fgcgi.cgi...R9_hVrVFdBIEZh
"Based on what I've seen, I don't see a whole lot behind this (bid)," said Joseph Tiberi, a union spokesman.
"If these clowns somehow wind up in control of TWA, it stands about a 1 percent chance of surviving," he added.
http://quote.bloomberg.com/fgcgi.cgi...R9_hVrVFdBIEZh
Feb 9, 2001, 6:51 pm
#6
Suspended
Join Date: Apr 1999
Location: Promoted to Chairman of the Most Wonderful Continental Airlines Highly Valuable OnePass Program Security and Ideological Purity Bureau
Posts: 4,129
Everyone's looking out for their own self-interests, so I'm not surprised by the comments.
Feb 9, 2001, 7:02 pm
#7
Original Poster
Join Date: May 1999
Posts: 6,084
Originally posted by avek00:
Everyone's looking out for their own self-interests, so I'm not surprised by the comments.
Everyone's looking out for their own self-interests, so I'm not surprised by the comments.
Feb 12, 2001, 6:10 am
#8
Join Date: Oct 2000
Location: Alexandria, VA, USA
Posts: 140
Thanks for the correction above Eugene, been reading too much and started confusing names there. As for the Boyd Group, I doubt he wants anything to do with this matter personnally. Although they are a consulting firm and probably would accept the business; his big push is for the ATC system to be fixed/updated. The Boyd Group can be a little off the cuff sometimes, but they are definately straight forward.
BOYD GROUP web address: http://www.aviationplanning.com/
BOYD GROUP web address: http://www.aviationplanning.com/