Canada's ACE Aviation sells partial stake in US Air

[JayBrian]

Read about it here.


PAR must think there is some value here to pay $38.60/share.

 

[CLTTPA]

They are accumulating quite a bit of LCC stock. They must have some plans.

 

[JayBrian]

They are accumulating quite a bit of LCC stock. They must have some plans.

Did someone say in another thread that PAR also owned some UAUA?

 

[george]

Did someone say UAUA? Nah its NWA.

 

[700AW]

with this transaction, PAR will hold about 16-18 % of LCC, which is by far the most by one entity...

 

[DCAflyer]

Did someone say UAUA? Nah its NWA.

Which, for all intents and purposes, is pretty much worthless right about now... unless, and this is where conspiracy theorists might come out of the woodwork, PAR is trying to leverage itself with power at both ends of the spectrum in the event LCC bids or deals to pick up some or all of NWA.

 

[RowUnderDCA]

Did someone say that Par has some AMR, too?

 

[TheWatcher]

Which, for all intents and purposes, is pretty much worthless right about now... unless, and this is where conspiracy theorists might come out of the woodwork, PAR is trying to leverage itself with power at both ends of the spectrum in the event LCC bids or deals to pick up some or all of NWA.

Are black helicopters involved?

 

[700UW]

Fidelity Investments ramps up stake in US airlines
Tue Apr 11, 2006 6:36 PM ET
WASHINGTON, April 11 (Reuters) - Mutual fund giant Fidelity Investments has ramped up its stake in U.S. airlines and is a leading shareholder at three big carriers, regulatory filings show.

Fidelity has a 13 percent stake in UAL Corp.'s United Airlines (UAUA.O: Quote, Profile, Research), which is just ahead of US Trust Corp. with 12 percent, according to filings this week with the Securities and Exchange Commission.

United, which emerged from bankruptcy in February, is the world's second largest carrier.

A unit of FMR Corp., Boston-based Fidelity also owns 13 percent of No. 1 American Airlines, a unit of AMR Corp. (AMR.N: Quote, Profile, Research), making it the carrier's largest shareholder, another SEC filing showed on Tuesday.

In addition, Fidelity was the single largest shareholder of US Airways Group Inc. (LCC.N: Quote, Profile, Research) as of Jan. 31 with 15 percent of the company, the airline said. US Airways emerged from bankruptcy in late 2005

 

[AIRWOMAN]

Fidelity Investments ramps up stake in US airlines
Tue Apr 11, 2006 6:36 PM ET
WASHINGTON, April 11 (Reuters) - Mutual fund giant Fidelity Investments has ramped up its stake in U.S. airlines and is a leading shareholder at three big carriers, regulatory filings show.

Fidelity has a 13 percent stake in UAL Corp.'s United Airlines (UAUA.O: Quote, Profile, Research), which is just ahead of US Trust Corp. with 12 percent, according to filings this week with the Securities and Exchange Commission.

United, which emerged from bankruptcy in February, is the world's second largest carrier.

A unit of FMR Corp., Boston-based Fidelity also owns 13 percent of No. 1 American Airlines, a unit of AMR Corp. (AMR.N: Quote, Profile, Research), making it the carrier's largest shareholder, another SEC filing showed on Tuesday.

In addition, Fidelity was the single largest shareholder of US Airways Group Inc. (LCC.N: Quote, Profile, Research) as of Jan. 31 with 15 percent of the company, the airline said. US Airways emerged from bankruptcy in late 2005

More reason for the company to keep the Fidelity run 401K.