If US Airways and United attempted another merger this would be the fifth attempt that the business partners tried to execute a corporate combination.
There was the 1995 attempt between Seth Schofield and Gerry Greenwald that was complicated by United's now defunct ESOP, the 2000 attempt between Stephen Wolf and Jim Goodwin, the 2001-2002 attempt between Dave Siegel and Jim Goodwin code worded "Project Minnow", and last year's failed attempt between Doug Parker and Glenn Tilton.
For more information on "Project Minnow" where US Airways tried to acquire United click
here and
here.
And, to read about last year's merger discussions between the parties click
here,
here, and
here.
Meanwhile, United Chief Financial Officer Kathryn Mikells was recently interviewed on CNBC. During the interview a point was made that United has downsized significantly and out of the nine largest U.S. airlines United was the only major air carrier with no aircraft on order. Mikells stated, "It's been known for years that United is up for sale and new aircraft orders could impede a buyer (paraphrased)."
I have no reason to believe one way or another that the two companies may try to merge once the economy improves and credit begins to flow, but I did find Kirby's comments that US Airways will become more “deeply embedded with United and it commits them to the domestic portion of the alliance" and “it means it will have more opportunity for us†curious. Another words, what does "deeply imbedded" mean?
Finally, by not having US Airways a part of the United/Continental/Star anti-trust review US Airways could have an easier time merging with United and then tackling anti-trust hurdles, which would likely then only be DCA-IAD that could likely be handled similar to what the DOJ proposed with divestitures to AMR in 2000.
Regards,
USA320Pilot