October 15, 1995:
``The other suitor is AMR Corp.'s American Airlines, which also is considering a bid either to purchase the airline or possibly create a marketing arrangement that would pump cash into financially strapped USAir in exchange for an instant major East Coast feed to American's international operations.

Crandall's Response

AMR Chairman Robert L. Crandall would not comment directly on American's potential interest in USAir. `I have said in the past that the most effective way for an airline to grow is internally,' Crandall said last week. "What I have not said and will not say today is what I would do if others made the first step." He strongly emphasized `others.' '' (The Washington Post, p. HA1)

November 14, 1995:
``After more than a month of speculation about a possible merger with United Airlines, USAir will remain independent.

United's board of directors, facing difficulties convincing the airline's unions and unable to meet their own criteria, yesterday declined to bid for Pittsburgh's largest employer and ended merger discussions. A buyout could have cost thousands of jobs in the Pittsburgh region.

Analysts said the United decision and a statement by American Airlines that it would not make a bid unless United moved first effectively ensures USAir's independence for the near future. American last night reiterated its statement but would not comment further.'' (Pittsburgh Post-Gazette, Bus. A1)

For the full articles in ascii, go to The Washington Post article or the Pittsburgh Post-Gazette article.

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Send comments to Prof. Rasmusen. Last updated: October 31, 1996