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February 8th, 2008, 20:03
| #1 |
| Old Skool  Join Date: Nov 2003 Location: KPHX, KFFZ, KIWA
Posts: 19,231
    |  Hedge funds pressuring Air Canada to merge!
With US airlines, and not miss the current wave! http://news.yahoo.com/s/nm/20080208/...ion_mergers_dc Air Canada owner approached on U.S. mergers: CEO Fri Feb 8, 10:26 AM ET CALGARY, Alberta (Reuters) - ACE Aviation Holdings (ACEa.TO), majority owner of Air Canada (ACa.TO), has been approached by private equity players and pension funds on ways that Air Canada could join the U.S. airline consolidation wave, ACE Chief Executive Robert Milton said on Friday. Milton said a weak Air Canada share price has prompted ACE to consider other options for boosting value beyond its preferred plan of winding down the holding company and distributing its remaining 75 percent interest in the airline, the country's biggest. "In my view, as I watch the U.S. airlines scurrying around to merge, anybody that actually ties up with Air Canada gets a unique piece of geography relative to the way the U.S. guys would split it up," Milton said in a conference call. "So there has been dialogue with the U.S. space looking to change, and I don't think it's inconceivable that Air Canada could be part of it and I think it would make a lot of sense for a U.S. airline to look at Air Canada." |
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February 8th, 2008, 21:44
| #2 |
| Old Skool  Join Date: May 2002 Location: Maryland
Posts: 15,922
| Re: Hedge funds pressuring Air Canada to merge!
How are they going to merge if they can't have control of a US airline?  |
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February 9th, 2008, 00:11
| #3 |
| Junior Member  Join Date: Oct 2007 Location: Tulsa, OK USA
Posts: 239
| Re: Hedge funds pressuring Air Canada to merge!
Huck Fedge Funds!
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February 9th, 2008, 00:37
| #4 |
| Old Skool  Join Date: Dec 2001 Location: Chicago, IL
Posts: 4,886
| Re: Hedge funds pressuring Air Canada to merge!
This sounds familiar!
__________________ "Anyone can do the job when things are going right. In this business we play for keeps." Ernest K. Gann |
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February 9th, 2008, 00:55
| #5 |
| Old Skool  Join Date: Feb 2002 Location: Park City, UT
Posts: 12,869
 | Re: Hedge funds pressuring Air Canada to merge!
I heard ExpressJet is buying Delta. With the staple job we'll do on that gig, Doug's gonna be swingin' gear for me on the mad dog with his sock puppet as soon as I hit ATP mins!
__________________  "Jetlink 2940, on another radio, contact clearance for new airways..." |
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