The proposed merger of US Airways and America West is a triumph of hope over experience.
Combining the ailing America West with the dying US Airways is a great deal--for creditors. The injection of $1.5 billion in new capital will keep this sickly hybrid airborne for a while, long enough for some debt holders to get most of their money back.
The new US Airways will be the first national low-cost hub-and-spoke network with simplified pricing, international service, frequent-flier programs, assigned seating and first-class cabins--which sounds a lot like the old US Airways with the same overstretched, grumpy employees.
http://www.forbes.com/business/free_forbes...oomag&referrer=
Combining the ailing America West with the dying US Airways is a great deal--for creditors. The injection of $1.5 billion in new capital will keep this sickly hybrid airborne for a while, long enough for some debt holders to get most of their money back.
The new US Airways will be the first national low-cost hub-and-spoke network with simplified pricing, international service, frequent-flier programs, assigned seating and first-class cabins--which sounds a lot like the old US Airways with the same overstretched, grumpy employees.
http://www.forbes.com/business/free_forbes...oomag&referrer=