AIRLINES Too Heavy For Takeoff

Notes AIRLINES Too Heavy For Takeoff

The two biggest airline deals of all time may never get off the ground. Developer Donald Trump last week withdrew his $7.5 billion bid for AMR, the parent company of American Airlines, because the firm's stock price had plunged far below his $120-a-share offer during Wall Street's anxiety attack over heavily leveraged deals (AMR closed at 70 7/8, down 27 3/4 for the week). AMR's board declared that the company is not for sale, but Trump said he might launch another bid at a lower price.

Meanwhile, the employee-management buyout bid for UAL, the parent company of United Airlines, lost a...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!