Aviation News

January 12, 2012

Delta Air Lines, US Airways and TPG Capital Considering Bids for American Airlines: Report

More articles by »
Written by: admin
Tags: , , ,

Delta Air Lines is considering a bid for American Airlines parent AMR Corp. in bankruptcy court, according to a Wall Street Journal report published Thursday afternoon.

American Airlines Airbus A321

American Airlines Airbus A321.

ALSO: American’s Bankruptcy Miracle

The report also named TPG Capital as a possible suitor for American. TPG was formerly known as Texas Pacific Group, best known in the travel space as the equity firm that bought out Continental Airlines in the 1990s. TPG has also invested in America West and Midwest Airlines in the 2000s, and worked with American in a failed 2009 bid for Japan Airlines.

TPG also owns the highly influential flight booking tech firm Sabre Holdings.

American Airlines filed for Chapter 11 bankruptcy protection on November 29, 2011.

UPDATE 4:20pm ET: US Airways is also considering a bid, according to WSJ.



About the Author

admin





 
 

 

CLOSED: Winter Storm Stella Takes Aim at Northeastern US and Eastern Canada

Winter Storm Stella is taking aim at the Northeastern United States and Eastern Canada early this week. We'll have your latest updates on the storm and its impact on air travel here.
by NYCAviation Staff
0

 
 

Or How About We Cut Delta Some Slack?

Well, that power outage turned into a mess. But as much as the "big bad airlines" can disrupt our plans, are we going too hard on Delta?
by Phil Derner Jr.
1

 

 

PHOTO TOUR: Qatar Airways A380 Visits Atlanta

Step onboard as we take a tour of Qatar Airways A380 during a recent visit to Atlanta.
by Ben Granucci
0

 
 

RFID Bag Tracking…Why?

Contributor Andrew Poure warns of the pitfalls that RFID-enabled checked bag tags will bring and why he thinks it won't work.
by Andrew Poure
 

 
 

The Time Has Come For Bag Tags To Join The 21st Century

Standards Editor Ben Granucci explores all of the benefits of using RFID Technology for tracking checked bags, just like Delta Air Lines will soon do.
by Ben Granucci
0