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AirTran Boosts Offer for Midwest Air
United Airlines' parent UAL Corp. has explored a merger with Continental Airlines Inc., though no agreements have been reached and a deal remains far from certain. That deal could hinge on the success or failure of US Airways' bid for Delta.
Meanwhile, The Wall Street Journal reported Wednesday that Northwest Airlines Corp. and Delta, both operating under bankruptcy court protection, have been talking about a deal.
  A Midwest plane is parked at Gen. Mitchell International Airport, Thursday, Jan. 11, 2007, in Milwaukee. AirTran Holdings Inc. appealed directly to shareholders Thursday with its sweetened offer of about $345 million in cash and stock for rival Midwest Air Group Inc. after the regional carrier rebuffed an earlier takeover attempt. (AP Photo/Morry Gash) (Morry Gash - AP) Partnership
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• The Senate Committee on Commerce, Science and Transportation has scheduled a Jan. 24 hearing on the state of the airline industry and the potential impact of mergers.
AirTran made its offer through subsidiary Galena Acquisition Corp. The offer expires Feb. 8.
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On the Net:
Midwest: http:/
AirTran: http:/
