Thursday, November 30, 2006

AirTran CEO interested in US Airways and Delta Assets

AirTran CEO Joe Leonard is now interensted in purchasing airport gates sold by US Airways or Delta. Airlines are looking to get long-coveted assets. US Air and Delta may merge if the $8.5 billion takeover bid succeeds. The meeting on the issue was held in Manhattan. "We reviewed our offer and had a chance to engage in discussions on the many facets of this proposal," Doug Parker, chairman and CEO of US Airways. US Airway says that that must sell assets to satisfy antitrust concerns if its purchase of Delta happens. Mr. Leonard beleives that there is a 50% chance of it succeeding.

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