No Rival Bids Received for US Airways
The deadline for companies to bid on US Airways' assets came and went Friday, with no other firms submitting bids to rival the airline's proposed merger with America West Airlines, US Airways said.
The deadline for companies to bid on US Airways' assets came and went Friday, with no other firms submitting bids to rival the airline's proposed merger with America West Airlines, US Airways said.
The absence of competing bids removes another hurdle to the merger, which still requires approval by a bankruptcy judge, US Airways creditors, a federal loan board and America West shareholders.
"It would have been difficult for other offers to have provided comparable value to our stakeholders," US Airways CEO Bruce Lakefield said in a statement. The airlines can now begin planning their integration, he said.
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