Wednesday, April 7, 2010 as of 11:14 AM ET
United Air Lines, Inc., (), operating as United Airlines, is a U.S. airline and the world's largest airline with 86,852 employees and operating the second-largest fleet with 702 aircraft.
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US Airways (NYSE:LCC) and private equity firm TPG Capital are reportedly considering a joint bid for American Airlines' parent AMR in a move that would give the smaller carrier more financial flexibility as it seeks support for a takeover.
A partnership between the two might help ease regulatory concerns as AMR continues to undergo bankruptcy proceedings. Having support from TPG could give US Airways the means to cover some of AMR's debt, including paying creditors in cash, according to a report by Reuters.Sources close to the matter warned Reuters that discussions are preliminary and could fall apart. US Airways has received interest from several financial parties willing to explore a possible joint bid and TPG may still consider investing in AMR on its own, the sources said.TPG has a track record of investing in airlines and striking strategic partnerships, and even has a history with AMR, having offered to team up with the carrier in 2009 to invest in Japan Airlines, though that deal...
FBN’s Gerri Willis on the U.S. debt exceeding 100% of GDP as the economy’s growth slows in the first quarter.
While commercial airlines in the U.S. escaped without a single fatality in 2011, deaths among smaller personal and chartered flights increased.The National Transport...
JetBlue Airways (NASDAQ:JBLU) said first-quarter earnings soared above Wall Street expectations, reflecting a boost in fares that helped offset rising oil prices.The...
United Continental (NYSE:UAL) posted a narrower-than-expected first-quarter loss on Thursday but said earnings were pressured by sharply rising fuel costs and ongoin...
According to musician-turned-entrepreneur Dave Carroll, while he was traveling in 2009 United Airlines broke his guitar. So he did what any musician would do—wrote a...
US Airways (NYSE:LCC) inked a deal on Friday with three unions representing nearly 55,000 American Airlines employees, giving them collective bargaining rights if US...
United Airlines's parent United Continental Holdings Inc. late Monday named John Rainey as chief financial officer. Rainey will succeed Zane Rowe, who is leaving to ...
The Transportation Security Administration has started testing new hi-tech check-in systems that will scan and verify passenger boarding passes with photo IDs, marki...
DOW JONES NEWSWIRESSANTIAGO -(Dow Jones)- The carrier resulting from the merger of Chilean flagship LAN Airlines SA (LFL, LAN.SN) and Brazilian carrier TAM S/A (TAM,...
DOW JONES NEWSWIRESTyco International Ltd. (TYC) said Nalco executive Kathryn Mikells will become the chief financial officer of security business ADT Corp., which w...
Pinnacle Airlines Corp (NASDAQ:PNCL), parent of Pinnacle Airlines and Colgan Air, filed for bankruptcy protection, the latest victim of high fuel prices and dampened...
Pinnacle Airlines Corp (NASDAQ:PNCL) filed for bankruptcy protection late on Sunday, as the U.S. regional airline fell victim to high fuel prices and dampened travel...
Good news for business travelers - a recent study found that airline frequent flier reward programs are getting better and that reward seat availability is on the ri...
Welcome to OnSale at FOXBusiness, where we look at cool deals and insane bargains.Break your iPhone in this case...and they'll send you a new one. Finding the right ...
American Airlines parent AMR has reportedly agreed to explore strategic alternatives -- including a possible transaction with US Airways (NYSE:LCC) -- as it continue...
The head of Copa Airlines said Thursday that its entry to the Star alliance had been delayed by up to two months, though he forecast minimal financial impact as the ...
The head of Copa Airlines said Thursday that it still expected to join the Star global marketing pact "soon," despite a delay that comes amid jostling for position i...
A few stocks are up on high volume today:Berkshire Hathaway (NYSE:BRK.B) saw its price climb on above-normal volume, as 6.6 million shares, which is 1.7 times the st...
The Transportation sector (IYT) showed little movement on a trading day that saw S&P 500 fall 1.6%.The ETF, as a proxy for the sector, tracked closer to the overall ...
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