Wed Feb 13, 2013, 10:11 PM
RB TexLa (16,500 posts)
I think it's time for open skies domestically
Let's let non-US airlines compete in our domestic market. The US based ones are going to be one airline soon enough.
AP Sources: American Airlines and US Airways agree to merge and create world's biggest airline
By David Koenig, AP Airlines Writer | Associated Press
DALLAS (AP) -- American Airlines and US Airways will merge and create the world's biggest airline. The boards of both companies approved the deal late Wednesday, according to four people close to the situation.
The carrier will keep the American Airlines name but will be run by US Airways CEO Doug Parker. American's CEO, Tom Horton, will serve as chairman of the new company until mid-2014, these people said. They requested anonymity because the merger negotiations were private.
The merger caps a turbulent period of bankruptcies and consolidation that will leave the U.S. airline industry dominated by four big carriers — American, United, Delta and Southwest. Together they would control almost three-quarters of U.S. airline traffic.
The deal has been in the works since August, when creditors forced American to consider a merger rather than remain independent. American has been restructuring under bankruptcy protection since late 2011. AMR creditors and possibly its shareholders will own 72 percent of the stock, and US Airways Group Inc. shareholders will get the rest, three of the people said.
8 replies, 569 views
I think it's time for open skies domestically (Original post)
|RB TexLa||Feb 2013||OP|
|The Velveteen Ocelot||Feb 2013||#1|
|The Velveteen Ocelot||Feb 2013||#5|
|RB TexLa||Feb 2013||#4|
|The Velveteen Ocelot||Feb 2013||#6|
|RB TexLa||Feb 2013||#7|
|The Velveteen Ocelot||Feb 2013||#8|
Response to GoneOffShore (Reply #3)
Wed Feb 13, 2013, 10:29 PM
The Velveteen Ocelot (36,725 posts)
5. Not a good reason to permit cabotage.
Mergers always result in job losses, unfortunately (I am "retired" because of an airline merger). But I see absolutely no justification for allowing foreign carriers to operate point-to-point within the U.S. Why make things worse than they already are?
Also, if you look at statistics, US carriers are among the safest in the world. If you are referring to the specific airline, American, well, they have had a few problems over the years.
Response to The Velveteen Ocelot (Reply #6)
Wed Feb 13, 2013, 10:35 PM
RB TexLa (16,500 posts)
7. Oh, no. The nerve of anyone to think non-Americans could ever deserve jobs.
You do know that foreign companies employ many, many Americans here, right?