Midwest is sold to TPG

[FlyWolf]

for $17/ share

Hope Airtran come back with another offer, otherwise God help us.

 

[FlyWolf]

I guess its too late, they asked the bidders for the best and final offer.

 

[DenverCrashpad]

Adios Valuejet.

 

[Kharma Police]

Adios Valuejet.

I think you are right, which RJ airline do you fly for and more importantly, are you hiring?

 

[Lear70]

Adios Valuejet.

Are you getting out of aviation?

Sorry that AirTran job never worked out for you...

 

[FlyWolf]

Just heard on the local news that Airtran can still come back with a higher offer, but I think at $17 this stock is way over priced. Plus JL said they accept Midwest decision and will move on.

 

[deadstick]

Plus JL said they accept Midwest decision and will move on.

Didn't he say this a few days ago, too?

 

[CitationLover]

all management are rats to some degree. ours simply proved it this week to the mec. i still think there will be limited growth here and good times ahead. once this is behind us we can focus on 2008 and obtaining a better contract.

i would imagine we will be a public company again within 3 years.

 

[On Your Six]

Can't wait to now see the new plans for Midwest. Not a lot you can do with low-volume cushy-seated 717s and a few MD80s. Acquiring new airplanes/aircraft types could take awhile for outfitting and training. Given that private equity firms like to see high returns within 3-5 years, I would expect further consolidation (merge with someone else) and then an eventual IPO to CASH OUT.

The Air Tran merger made much more sense strategically (same aircraft type, complementary routes) even though the aircraft interiors would have to be standardized. We'll see what happens now - fingers crossed............

 

[slackass]

I thought the deal was depending on the pilots extending their current contract. What's up with that? I saw that ALPA changed it's support for management.