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Will British Buy AMR (American Airlines, bankrupt, may become British Airlines)
247wallst.com ^ | 1/25/12

Posted on 01/25/2012 7:10:54 AM PST by Recovering_Democrat

Add to the private equity firms and airlines that may want to own all or a piece of bankrupt airlines AMR, the name of British Air. It could become partners with PE firm TPG Capital

BA is part of the International Consolidated Airlines Group which also owns Iberia Líneas Aéreas de España. BA is also a partner in the One World Alliance which shares routes with AMR to allow passengers an easier way to travel to areas in which either BA or AMR has a large number of airplanes. This is, in turn, a key to customer retention

(Excerpt) Read more at 247wallst.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: airlines; commerce; travel
Another victim of Obamanomics. Hussein is destroying American business. And loving it.
1 posted on 01/25/2012 7:10:57 AM PST by Recovering_Democrat
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To: Recovering_Democrat
The pieces destroying modern aviation go beyond the pResident.

Abolish the FAA and allow private carriers to set up an organization like the electronic industries IEEE to help set mutually agreed upon standards.

Dump Bush's TSA as well. We don't need them.

The Constitution allows for neither organization to legitimately exist.

2 posted on 01/25/2012 7:16:06 AM PST by Dead Corpse (Steampunk- Yesterday's Tomorrow, Today)
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To: Recovering_Democrat

Maybe the Brits could soften the edges on American’s shrewish, bossy staff.


3 posted on 01/25/2012 7:16:34 AM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: BfloGuy
They deserve each other.
4 posted on 01/25/2012 7:23:14 AM PST by Eric in the Ozarks (Eh ?)
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To: Recovering_Democrat

I wonder if this would allow foreign carriers to fly domestic US routes, giving us some very much needed competition.


5 posted on 01/25/2012 7:25:11 AM PST by NativeNewYorker (Freepin' Jew Boy)
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To: Dead Corpse

I will add that we should allow foriegn carriers to operate in the United States.


6 posted on 01/25/2012 7:28:53 AM PST by 11th Commandment (http://www.thirty-thousand.org/)
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To: BfloGuy

Maybe the Brits could soften the edges on American’s shrewish, bossy staff.


AA’s fine in first class, and no different from any other domestic in coach.

SWA tends to be friendly, but a little annoyingly goofy.


7 posted on 01/25/2012 7:31:07 AM PST by Atlas Sneezed (Author of BullionBible.com - Makes You a Precious Metal Expert, Guaranteed.)
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To: Recovering_Democrat

There are certainly government factors in the demise of domestic airlines, but I think the majority of the blame falls on the unions that suck every dime out of the airlines in good times and bad.


8 posted on 01/25/2012 7:34:23 AM PST by volunbeer (Keep the dope, we'll make the change in 2012!)
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To: Recovering_Democrat

I dont think its the president who really controls this particular situation. I myself am fed up with the TSA, its a useless organisation and just a government jobs program whose job is to harass people.

I am currently in Canada on business and am taking the train between Ottawa and Montreal. In fact I am in the lounge right now, there is no scanning or baggage check of any sort. It did actually cross my mind that if someone wanted to do something bad they could do so easily. Even if they do there are literally thousands of things that a terrorist can do, like go on a bus or a train or subway or a sports complex. I dont understand why its only the airport or why they would only target an airport.
Im going off on a tangent now, but I personally think they should offer better services. The best airline I have flown was Emirates Airlines first class and while a little expensive it was the only time I didnt want to run out of the plane once it landed. Maybe if they sacrificed 10 seats to make passengers more comfortable they would get more regular flyers as opposed to packing them like sardines.


9 posted on 01/25/2012 7:44:35 AM PST by hannibaal
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To: Recovering_Democrat

Current Federal law only allows foreigners to own in total 25% of a U.S. Airline. Foreign Airlines are not currently allowed to fly passengers domestically.


10 posted on 01/25/2012 7:47:12 AM PST by ALPAPilot
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To: 11th Commandment
I'd be ok with that. Just freeing up the regulations to allow more domestic private carriers would be good for the whole industry though.

I'm still holding out hope for Ford's dream of commuter aircraft for the average guy. We'd have it already if not for government.

11 posted on 01/25/2012 7:52:12 AM PST by Dead Corpse (Steampunk- Yesterday's Tomorrow, Today)
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To: Recovering_Democrat

Well current U.S. law forbids foreigners to own more than 25% of an airline, Not sure how TPG would affest this.


12 posted on 01/25/2012 7:59:48 AM PST by bjorn14 (Woe to those who call good evil and evil good. Isaiah 5:20)
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To: Recovering_Democrat
Not so quick to blame Obama... American Airlines has made plenty of mistakes. Their entire ticketing system is antiquated. For example, I called Southwest to rework tickets and was expecting a "fine". Instead, I got a refund of a few bucks because the fight was cheaper! On American which I use for International, I routinely get "fined" $500 for changed plans and have to deal with their stupid voucher system invented in 1963.

They have out dated and inefficient MD80s. They have an out of control Union that has convinced its members that new employees should get the same pension and will not budge on the contract. As such, the employee base in aging and honestly they are not as energetic as their competitors. They have not updated their business or first class on International Fights, but charge the same premiums as better branded airlines. They continually do not hedge fuel prices. They allow big executive bonuses for Mediocre results.

Obama has a lot of blame but many US businesses are lazy and fat. What we need creative destructive capitalism and the government should allow these dinosaurs to fail.

13 posted on 01/25/2012 8:13:04 AM PST by 11th Commandment (http://www.thirty-thousand.org/)
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To: Beelzebubba
no different from any other domestic in coach

That's the key: domestic.

Now, it may well have changed, but in the late nineties I used to cross the pond four or five times a year and always tried to take British Air. At the time, the flight attendants (even in coach on a 747) were unfailingly pleasant and much, more lighthearted than their American counterparts.

If they took a shine to you, they'd give you double cocktails for the entire flight -- as much for the enjoyment of watching you get sloshed as anything else. My kind of women.

14 posted on 01/25/2012 8:44:56 AM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: Recovering_Democrat

as long as I can combine my mileage and they serve cold beer, .. the world is a giant oyster, yaknow, or sumthin’ ;-]


15 posted on 01/25/2012 10:49:06 AM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: Recovering_Democrat
American Airlines, bankrupt, may become British Airlines

Perhaps they can name it "Beyond Airlines"

16 posted on 01/25/2012 10:25:23 PM PST by BlueMondaySkipper (Involuntarily subsidizing the parasite class since 1981)
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