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Thursday, August 16, 2007

Singapore announces first A380 commercial flight

Singapore Airlines has announced the day of the first commercial flight of the A380. The flight, SQ 380, will be on October 25, from Singapore to Sydney. ""Everyone at Singapore Airlines is keenly anticipating the delivery of this new plane, and our people are working hard on final preparation for its entry into service," said Singapore CEO Chew Choon Seng. "The first flight promises to be one of the most exciting occasions in aviation history."All...

Tuesday, August 14, 2007

AirTran isn't done with Midwest yet

Apparently AirTran isn't quite yet ready to give up on acquisition target Midwest Air, even though two days ago Midwest announced that it would go ahead with a deal led by TPG Capital. While the TPG offer was $16 a share, AirTran's latest offer, of $445 million in cash and stock, is valued at $16.25 a share. (Its old offer was $15.75 a share.) Midwest's board said earlier today that they would take the "revised offer under consideration".Even though...

Monday, August 13, 2007

Midwest CEO to employees about TPG offer

This was posted online, and I thought I'd re-post it here on The Airline Blog:To: All Midwest and Skyway Airlines EmployeesDate: August 12, 2007From: Timothy E. HoeksemaSubject: Board of Directors Update #4The Midwest Air Group Board of Directors today said that it has unanimously determined to pursue an all-cash offer from TPG Capital, L.P. on behalf of an affiliate of TPG and one or more partners to acquire all of the outstanding shares of Midwest for $16.00 per share.The board took this action after receiving a letter from AirTran Holdings that...

Northwest-backed group offers takeover bid for Midwest

photo: "Midwest N905ME", by Drewski2112A group of investors, led by TPG Capital and which includes Northwest Airlines, said that it would buy Milwaukee-based Midwest Air for $400 million. The TPG-led bid was announced right after AirTran, which coveted a Milwaukee hub, said that it would no longer pursue its hostile takeover of Midwest. AirTran's final offer of $15.75 a share was less than TPG's $16.Beyond the per-share figures, though, there might...

Thursday, August 9, 2007

United international route rumors

photo: "N646UA", by Drewski2112There have been a few rumors floating around that United Airlines might start some new international routes. Among them:Chicago - Moscow. Aeroflot used to fly this route but stopped in 2001, and United holds the dormant route authority for the route, which it obtained in a deal with Pan Am back in 1991. (If United did fly this route, it would probably skip Moscow's Sheremetyevo Airport (SVO) and instead fly to Domodedovo...