Reuters is reporting that US Airways may team up with TPG Capital, which has been a player in previous airline merger talks, to bid on American Airlines. The US Airways/TPG alliance, even if formed, is not exclusive though, and both parties are considering other options.
A US Airways/TPG deal would greatly strengthen US Airways’ bid for American.
Reuters also says that American might be interested in a merger — after it gets out of Chapter 11, with one of US Airways, Alaska Airlines, or JetBlue, which is something I’ve long thought possible.
So yes, lots of merger speculation weirdness.
