More signs that a USAirwys merger may happen.....
"The risk of multiple, simultaneous bankruptcies in the U.S. airline industry is growing, according to credit ratings agency Standard & Poor's, and could be triggered by renewed terrorism, a spike in fuel prices or pension liabilities."
"The balance sheets of the legacy carriers "are a mess," he said, adding that the government will likely have to change its antitrust stand to allow more partnerships between the bigger players"
"In announcing its rating review, S&P also cited concerns about the continued court wrangling between UAL Corp.'s United Air Lines Inc. unit and a group of its creditors regarding their right -- and the right of lessors -- to repossess aircraft in United's bankruptcy case, now more than two years old.
United is challenging the right of the Chapman Group of creditors, which controls 175 of United's planes, to repossess 14 aircraft that have been used as collateral to back debt, alleging they are colluding with a broader group of aircraft creditors in violation of antitrust law."
STORY ---> http://biz.yahoo.com/ap/050224/airline_credit_ratings_2.html
"The risk of multiple, simultaneous bankruptcies in the U.S. airline industry is growing, according to credit ratings agency Standard & Poor's, and could be triggered by renewed terrorism, a spike in fuel prices or pension liabilities."
"The balance sheets of the legacy carriers "are a mess," he said, adding that the government will likely have to change its antitrust stand to allow more partnerships between the bigger players"
"In announcing its rating review, S&P also cited concerns about the continued court wrangling between UAL Corp.'s United Air Lines Inc. unit and a group of its creditors regarding their right -- and the right of lessors -- to repossess aircraft in United's bankruptcy case, now more than two years old.
United is challenging the right of the Chapman Group of creditors, which controls 175 of United's planes, to repossess 14 aircraft that have been used as collateral to back debt, alleging they are colluding with a broader group of aircraft creditors in violation of antitrust law."
STORY ---> http://biz.yahoo.com/ap/050224/airline_credit_ratings_2.html