Merger

[skycruiser]

Anyone heard about the expansion into the Asia using UAL routes and/or CAL buying HAL?

 

[ual777fan]

The day UAL sells the pacific or lets some other domestic airline operate it is the day hell freezes over.

 

[Rob]

The HAL merger rumor comes up a lot because for several airlines a HAL merger might make sense. It never seems to happen, though.

Lately, however, HAL's stock is going significantly higher on decent volume in bankruptcy at the same time the trustee is calling it worthless. That kind of makes people wonder if somebody won't try to buy HAL out of bankruptcy - it might not cost a whole lot. I have no idea if CAL is involved, but somebody is.

 

[7.5victim]

The day UAL sells the pacific or lets some other domestic airline operate it is the day hell freezes over.

I'll bet that same line was heard throughout the PanAm building once as well... Not likely, but never say never....

 

[whatkindoffreshhell]

The HAL merger rumor comes up a lot because for several airlines a HAL merger might make sense. It never seems to happen, though.

Lately, however, HAL's stock is going significantly higher on decent volume in bankruptcy at the same time the trustee is calling it worthless. That kind of makes people wonder if somebody won't try to buy HAL out of bankruptcy - it might not cost a whole lot. I have no idea if CAL is involved, but somebody is.

Nobody's buying HAL and the goofballs buying stock of a company in CH11 are only very short-term speculators. The paper is worthless.

HAL recently lost a court case to Boeing because HAL took the $25mil in gov't 9/11 handouts and declared a special dividend. Boeing thought HAL should pay for airplane leases and the judge agreed.

Why would any competitor purchase a Hawaii-based airline? Wait a minute, let's start a rumor US is buying HAL and then we can watch those sad sacks spin all kinda theories....

 

[funguy2]

I always thought HAL would be a poor acquisition candidate because of generally low yield markets, lower paid employees (than the "legacy" airlines), etc. Therefore, they kind of make it work on their own, but they would not make an attractive acquisition because payscales of the acquiring carrier would make the HAL system unprofitable.

This was the same general arguement used in the past on this forum as the answer to why US Airways (or any other "legacy" carrier) should not acquire America West.

It seems like this shoe may also fit Hawaiian.