Southwest Airlines – AirTran Airways merger: Difference between revisions
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{{About|the merger between [[Southwest Airlines]] and [[AirTran Holdings]]}} |
{{About|the merger between [[Southwest Airlines]] and [[AirTran Holdings]]}} |
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===Development=== |
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===Acquisition by Southwest=== |
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====The Merger==== |
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{{Wikinews|Southwest Airlines to purchase AirTran Airways for US$1.4 billion}} |
{{Wikinews|Southwest Airlines to purchase AirTran Airways for US$1.4 billion}} |
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On September 27, 2010, [[Southwest Airlines]] announced it would acquire [[Orlando, Florida|Orlando]]-based [[AirTran Airways]] for a total cost to Southwest of $1.4 billion. The acquisition would give Southwest a significant presence at many of AirTran’s hubs such as [[Hartsfield-Jackson Atlanta International Airport|Atlanta]] (the largest U.S. city without Southwest service), [[General Mitchell International Airport|Milwaukee, WI]], and expanded service in [[Baltimore/Washington International Airport|Baltimore, MD]] and [[Orlando International Airport|Orlando, FL]]. With the merger, Southwest will now have international service to several leisure destinations such as [[Cancún, Mexico|Cancún]] and [[Aruba]]. Southwest will integrate AirTran's fleet of [[Boeing 717-200|Boeing 717]]s and [[Boeing 737 Next Generation#737-700|Boeing 737-700]] series aircraft into Southwest Airlines brand and livery. The airlines plan to have the acquisition completed and finalized within the next two years; until then, operations for both carriers will remain as separate airlines.<ref>{{Cite news| url=http://www.businessweek.com/news/2010-09-27/southwest-agrees-to-buy-airtran-for-1-4-billion.html | work=Bloomberg BusinessWeek | title=Southwest Agrees to Buy AirTran for $1.4 Billion | date=September 27, 2010 | accessdate=September 27, 2010}}</ref><ref>{{cite news| url=http://money.cnn.com/2010/09/27/news/companies/southwest_airtran/index.htm?cnn=yes | work=CNN | first=Aaron | last=Smith | title=Southwest to acquire AirTran | date=September 27, 2010}}</ref><ref>[http://www.lowfaresfarther.com/news-and-updates/]</ref> |
On September 27, 2010, [[Southwest Airlines]] announced it would acquire [[Orlando, Florida|Orlando]]-based [[AirTran Airways]] for a total cost to Southwest of $1.4 billion. The acquisition would give Southwest a significant presence at many of AirTran’s hubs such as [[Hartsfield-Jackson Atlanta International Airport|Atlanta]] (the largest U.S. city without Southwest service), [[General Mitchell International Airport|Milwaukee, WI]], and expanded service in [[Baltimore/Washington International Airport|Baltimore, MD]] and [[Orlando International Airport|Orlando, FL]]. With the merger, Southwest will now have international service to several leisure destinations such as [[Cancún, Mexico|Cancún]] and [[Aruba]]. Southwest will integrate AirTran's fleet of [[Boeing 717-200|Boeing 717]]s and [[Boeing 737 Next Generation#737-700|Boeing 737-700]] series aircraft into Southwest Airlines brand and livery. The airlines plan to have the acquisition completed and finalized within the next two years; until then, operations for both carriers will remain as separate airlines.<ref>{{Cite news| url=http://www.businessweek.com/news/2010-09-27/southwest-agrees-to-buy-airtran-for-1-4-billion.html | work=Bloomberg BusinessWeek | title=Southwest Agrees to Buy AirTran for $1.4 Billion | date=September 27, 2010 | accessdate=September 27, 2010}}</ref><ref>{{cite news| url=http://money.cnn.com/2010/09/27/news/companies/southwest_airtran/index.htm?cnn=yes | work=CNN | first=Aaron | last=Smith | title=Southwest to acquire AirTran | date=September 27, 2010}}</ref><ref>[http://www.lowfaresfarther.com/news-and-updates/]</ref> |
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Revision as of 00:03, 25 November 2010
Development
The Merger
On September 27, 2010, Southwest Airlines announced it would acquire Orlando-based AirTran Airways for a total cost to Southwest of $1.4 billion. The acquisition would give Southwest a significant presence at many of AirTran’s hubs such as Atlanta (the largest U.S. city without Southwest service), Milwaukee, WI, and expanded service in Baltimore, MD and Orlando, FL. With the merger, Southwest will now have international service to several leisure destinations such as Cancún and Aruba. Southwest will integrate AirTran's fleet of Boeing 717s and Boeing 737-700 series aircraft into Southwest Airlines brand and livery. The airlines plan to have the acquisition completed and finalized within the next two years; until then, operations for both carriers will remain as separate airlines.[1][2][3]
Second Request
On November 9, 2010 Southwest Airlines and AirTran Holdings said that each received a request for additional information from the Antitrust Division of the United States Department of Justice. The action is often referred to as a “second request.” Both companies are in the process of gathering information to respond to the second request and will continue to work cooperatively with the DOJ as it reviews the transaction.
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References
- ^ "Southwest Agrees to Buy AirTran for $1.4 Billion". Bloomberg BusinessWeek. September 27, 2010. Retrieved September 27, 2010.
- ^ Smith, Aaron (September 27, 2010). "Southwest to acquire AirTran". CNN.
- ^ [1]