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Old January 14th, 2006, 07:43 PM   #161
Lee
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Monkey,

BA and VS did NOT suffer as much after 9-11, in terms of losses. Check the stats.
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Old January 14th, 2006, 09:12 PM   #162
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Quote:
Originally Posted by pricemazda
Remember for the UK, Heathrow is a huge part of our economy, and not just for the UK but London's position as the primary air centre for Europe is literally the only bargaining chip we have. If we give it away with a US domestic market that is off limits to foreigners, with all the federal assistance and everything that comes with it, what do we get left with?
This sounds like something you'd hear from an engaged woman in the 1950s telling her husband-to-be why she can't have sex with him. If she gives away her virginity, which is her "only bargaining chip" then what is she left with? It's as ridiculous for her to say that as it is for you to say the above about Heathrow.

Just take it easy. We'll be gentle with your airport.
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Old January 14th, 2006, 09:42 PM   #163
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I think you're all missing the fact THERE'S NO MORE ROOM AT HEATHROW FOR ANYBODY!!!

Once Bermuda II is eventually lifted, it's not like Delta, Northwest, Continental, US Airways are going to be offering Heathrow transatlantic service. No one's going to sell their T.O./Landing slots, they're much too valuble. [And it's not like bankrupt American carriers could afford them, even if they were for sale.]
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Old January 15th, 2006, 04:41 AM   #164
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Well if you force BA and Virgin Atlantic to move half their flights to Gatwick, Stansted or Luton, or any combination they choose then there will be plenty of slots available at Heathrow. Then maybe we'll sell a few back to BA and Virgin!
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Old January 15th, 2006, 04:54 AM   #165
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Quote:
Originally Posted by Nick in Atlanta
Well if you force BA and Virgin Atlantic to move half their flights to Gatwick, Stansted or Luton, or any combination they choose then there will be plenty of slots available at Heathrow. Then maybe we'll sell a few back to BA and Virgin!
... You don't just take things away from companies! Not to mention how silly that'd be for airlines to operate out of more than one airport in the same city.
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Old January 15th, 2006, 05:02 AM   #166
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Continental, Delta, American and United operate out of all three major airports in NYC and both major airports in the DC area. And there are many others that do the same in Chicago, SF/Oakland/San Jose, LA, Houston and Miami/Ft.Lauderdale. And Virgin Atlantic and BA already operate out of Heathrow and Gatwick. It's not that big of a deal.
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Old January 26th, 2006, 02:59 AM   #167
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Delta Air Lines pilots union says company refusing to 'negotiate' on cuts
By HARRY R. WEBER
25 January 2006

ATLANTA (AP) - Delta Air Lines Inc.'s refusal to budge on its demand for $325 million (euro264 million) in permanent pay and benefit cuts from its pilots could jeopardize the two sides' efforts to hammer out a comprehensive agreement by a March 1 deadline, a top union official said Wednesday.

If a tentative agreement on permanent cuts isn't reached by then, a three-person arbitration panel would decide whether to grant the Atlanta-based company's request to void the pilot contract.

If the contract is rejected, Delta has warned that it will impose the cuts it is seeking unilaterally. The chairman of the pilot union's executive committee, Lee Moak, said in a telephone interview that if the contract is set aside, a pilot strike remains an option.

"Their actions have put us in this position," said Moak of management. He was in Washington with union leaders who were meeting to discuss the situation.

A Delta spokesman, John Kennedy, said the company's need for $325 million in concessions is important, and added that it was the union that wanted to hold off negotiations until after its internal meetings this week.

"We have said we need the $325 million and have justified this amount in court, and our need has not changed since then," Kennedy said. "But, how we get there is what we want to work out with (the union) during the upcoming negotiations."

Last month, the nation's No. 3 airline, which filed for bankruptcy in September, reached a tentative agreement with its 6,000 pilots on interim pay cuts of 14 percent in wages and other cuts equal to an additional 1 percent wage reduction.

In the talks on a permanent agreement, Moak said the union is currently offering about $115 million in average annual concessions over four years. But he said the company is refusing to come down from $325 million.

"If one party will not negotiate, it's hard to characterize it as a negotiation," Moak said.

He said for now he's holding onto the strike ballot that union leaders authorized before the interim agreement was reached in December. He hasn't ruled out sending the ballot to rank-and-file pilots for a vote if the arbitration panel ultimately rejects the pilot contract.

"If they refuse to negotiate and our contract is rejected, therefore we would not willingly work without a contract," Moak said. "Therefore, we would choose the time and place to perform a job action."

He said that action could include a strike.

Moak said union negotiators and management met last week and are scheduled to meet again next week.

Kennedy said Delta wants to reach a consensual agreement, but he wouldn't say whether it is willing to come down off the current amount it is seeking.

"Our pilots understand that a sound company is the best job and retirement security there is," Kennedy said.

The permanent cuts the two sides are negotiating would be on top of a 32.5 percent pay cut the pilots agreed to in 2004 as part of a $1 billion annual concessions package. The term of that agreement was five years.

Delta has reported $11.6 billion in losses since January 2001. It is scheduled to report its fourth-quarter and year-end 2005 results on Feb. 14.
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Old January 29th, 2006, 07:16 AM   #168
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Delta to save $200 million in aircraft rent

NEW YORK, Jan 27 (Reuters) - Delta Air Lines Inc. has renegotiated leases for as many as 88 aircraft with a group of lessors at rates that would save it more than $200 million a year in rent, according to court documents filed on Friday.

The carrier filed the documents objecting to a motion by a group of its creditors, which has asked the court for permission to file antitrust claims against those lessors on Delta's behalf.

"By acting in unison, (lessors were) able to extract from the Debtors above-market lease rates and onerous terms and conditions," the Official Committee of Unsecured Creditors alleged in a separate filing last month.

Delta has asked the court to deny their request.

The airline said it had renegotiated the lease terms with the lessors down to rates and terms that were better than what it had now. The "consummation of the transaction ... will generate substantial savings" for Delta, it said in its objection.

Atlanta-based Delta also said in the filing that prosecution of antitrust claims against the aircraft lessors by its creditors committee would leave it "defenseless ... against the repossession of 88 aircraft."

The No. 3 U.S. carrier, which filed for bankruptcy protection in September, has been renegotiating its aircraft leases as part of efforts to realize $3 billion in cost cuts and revenue increases.

Delta officials have said that the airline has either rejected or renegotiated more than 90 percent of its leases since it filed for bankruptcy and has managed to cut some of the lease rates by as much as two-thirds.
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Old February 4th, 2006, 02:33 AM   #169
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Delta Air Lines Jan. traffic falls
3 February 2006

ATLANTA (AP) - Delta Air Lines Inc., the world's second-largest airline in terms of passengers carried, on Friday said that traffic in January fell 4.5 percent as capacity declined.

Systemwide, the airline posted 8.57 billion revenue passenger miles, down from 8.98 billion revenue passenger miles in the year-ago period. One revenue passenger mile equals one paying passenger flown one mile.

Available seat miles, or capacity, declined 6.8 percent to 11.68 billion. Load factor or the percentage of seats filled with passengers, rose to 73.4 percent from 71.7 percent.

Domestic traffic in January decreased 7.3 percent from the year-ago period, and capacity fell 10.8 percent. Load factor for domestic flights rose to 73.3 percent from 70.6 percent.

Meanwhile, international traffic increased 4.9 percent year-over-year on a 7.6 percent increase in capacity. International load factor declined to 73.6 percent from 75.5 percent.

Total passengers boarded fell 10.4 percent to 8.24 billion from 9.21 billion.

Delta, which has lost more than $11 billion over the last five years, filed for Chapter 11 bankruptcy protection in New York on Sept. 14.
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Old February 4th, 2006, 10:20 PM   #170
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I looked at a simple breakdown of these numbers, especially concerning the newly introduced international flights. Suprisingly, the best numbers are coming from the flights to Latin America/Caribbean, while the transatlantic flights are lackluster.

The transatlantic flights should pick-up over the summer, but the numbers on the Latin American flights are probably suprising a few people at Delta.
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Old February 5th, 2006, 08:32 PM   #171
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Link to data breakdown : http://news.delta.com/article_displa...ticle_id=10061

That makes sense. The transatlantic market has a lot of competition so margins won't be very high. Latin America was the largest growth region by far, accounting for about 1/3 of all international traffic.
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Old February 7th, 2006, 05:44 AM   #172
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Retired pilots given larger voice in Delta restructuring
By MICHAEL J. MARTINEZ
6 February 2006

NEW YORK (AP) - Retired Delta pilots will get a larger voice in Delta Air Lines Inc.'s Chapter 11 restructuring, a bankruptcy court judge said Monday in a ruling that could complicate the airline's bankruptcy proceedings.

U.S. Bankruptcy Judge Adlai Hardin said the retired pilots, who had no representation on a previously appointed retiree committee, deserved under law to have an official say in how Delta would restructure in bankruptcy -- and how that could affect their retirement benefits.

Retired employees are generally represented by a single committee, called an 1114 committee after the bankruptcy code section, that has a say in how a bankrupt company handles its finances, particularly when it comes to how pensions and benefits are handled.

However, the Air Line Pilots Association, in an effort to preserve benefits for current pilots, declined to represent the retired pilots. Other retired Delta employees already had representation, some of them through their unions, under an 1114 committee formed last year.

Hardin, in his first hearing since taking over the Delta case, said the statute gave him no other alternative but to appoint a second 1114 committee to represent the retired pilots. However, he warned the pilots that they would have to work closely with the other retirees committee to ensure Delta's Chapter 11 process continued as smoothly as possible.

"There needs to be no wasted duplication of effort, and there won't be if I have anything to say about it, and I actually do," Hardin said. "These two committees must work together."

Delta must now go before the two retiree committees as well as its creditors as it goes through the bankruptcy process. The committees need not agree on everything, however, as the judge overseeing the case is the final arbiter of what Delta will and won't be able to do in order to achieve solvency.

In a separate matter, Hardin ruled that Delta can continue using funds earmarked for a disability and survivors trust to meet other financial obligations as it reorganizes under Chapter 11, but only so long as it continues to make payments to retirees and other beneficiaries.

The retiree committee had sought to force Delta to seek the retirees' approval before using funds from the disability and survivors trust, stating that removing the funds, which Delta seeks to continue doing, posed an inherent risk to retirees' benefits.

Dean Gloster, an attorney for the 1114 committee, said Delta had already used $83 million of the trust's money for severance and sick leave payments prior to filing for bankruptcy last fall, and said the embattled airline wanted to use more of the trust's money to meet its obligations going forward.

Delta attorney Marshall Huebner, however, said the committee could only intervene if payments to beneficiaries were affected. While there was some question as to the fund's long-term solvency, Delta said it would not cut its benefit payments.

Hardin agreed that the retirees' committee had no standing to control how Delta makes its payments, so long as retiree claims are paid normally. Should Delta alter its payments, then the retiree committee could return with a more suitable payments.

The judge, however, noted that there was still a question of whether Delta appropriately used the trust's money prior to bankruptcy, but that legal action for any potential misuse was not in the current purview of the bankruptcy court. Hardin also repeatedly noted that he had no stance on whether Delta had been using the disability and survivors money appropriately.

Hardin took over the case from Judge Prudence Carter Beatty, who took medical leave last month.
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Old February 8th, 2006, 06:23 PM   #173
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Delta Air Lines creditors seek pledge that jets used as collateral will be maintained
By ALEKSANDRS ROZENS
7 February 2006

NEW YORK (AP) - A trustee for Delta Air Lines Inc. bond investors have asked a bankruptcy court judge to force the carrier to ensure proper maintenance of jets that are pledged as collateral for debt.

Wells Fargo Bank N.A., the bank serving as trustee for investors who purchased the carrier's debt, said Tuesday it wants a guarantee that Delta will keep up with regular maintenance of 32 planes it used as collateral for a 2004 debt offering so the aircraft do not lose their value.

The trustee wants Delta to keep using the planes for passenger service, to ensure they remain airworthy.

As a trustee, Wells Fargo ensures that Delta bond holders receive timely principal and interest payments each month. The securities were sold with a 9.5 percent interest rate.

The bond holders have not received any of their principal and interest payments -- about $250 million (euro209 million) to date -- after Delta declared bankruptcy in September 2005. That money is not expected to be paid back until the Atlanta-based company emerges from bankruptcy.

The trustee's attorney expressed concern in court that without proper maintenance, the planes' value would diminish and be worth less than the amount Delta owes the bondholders. Delta owns the 32 planes, a mix of Boeing 757s and 767s as well as MD-80 and MD-90 models.

Delta has maintained in court documents that it continues to keep up with the needed maintenance on the planes and estimated it has spent "tens of millions of dollars" on repairs and maintenance required by the Federal Aviation Administration.

The hearing on the issue will resume Wednesday, but U.S. Bankruptcy Judge Adlai Hardin said both sides should try to come to an agreement on their own.
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Old February 11th, 2006, 04:05 AM   #174
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Delta pilots say they'll strike if contract's rejected
Talks show no progress

Marilyn Adams
10 February 2006
USA Today

The Delta Air Lines pilots union Thursday renewed its threat to strike the financially troubled airline, which seeks deep cuts in pay and benefits amid Chapter 11 restructuring.

Delta and the union, the Air Line Pilots Association, are negotiating against a March 1 deadline in hope of reaching a consensual agreement. Without it, the matter will go to a three- member panel for binding arbitration.

In an interview, union chief Lee Moak reported no significant progress in the talks, and said the pilots will strike if, in arbitration, their contract is nullified and management imposes new terms.

Delta, the USA's third-biggest airline, declined to comment on the strike threat or the legality of such a strike. "We believe the deal can be accomplished" by March 1, spokesman Bruce Hicks said.

Atlanta-based Delta sought Chapter 11 bankruptcy protection last September after years of deep losses. Rival Northwest Airlines filed the same day in the same New York courthouse, and remains in Chapter 11.

In late 2004, the pilots union agreed to $1 billion in annual concessions to help keep Delta out of bankruptcy, but the company's continued losses and debt forced the company to seek bankruptcy protection. Delta is seeking new concessions from the pilots of about $325 million a year, or a 19% pay cut.

Moak complained that the company's latest request for an 18% pay cut is not meaningful movement. "It appears what they're doing is heading down a track to reject our contract," Moak said.

Moak said the company had notified the union that the pilots' pension plan, which is deeply under-funded, is likely to be terminated. Delta is not making payments to its pension plan in bankruptcy. Company spokesman Hicks said a replacement plan will be addressed in negotiations.

The union on Thursday opened a "strike center" near Atlanta's Hartsfield Jackson airport to serve as a central office if a strike is called.

The union's threat was the latest bad news this week for Delta, which late Wednesday asked the bankruptcy court for help in halting a steady stream of management resignations.

The company in the court filing said that Delta's rate of unwanted attrition among officers and directors "is up more than eightfold, resulting in critical vacancies in an already stretched leadership structure."

It said unwanted departures reached a rate of 18.6% in 2005 and that four more officers and directors resigned in January to take other jobs -- including Delta's senior vice president for restructuring.

Delta blames the departures on the company's uncertain future and relatively low pay rates amid its cost-cutting.

To stem the tide, Delta said in the filing, it wants permission to set up a severance plan for officers and directors so they would receive six- to 12 months pay if their jobs are eliminated during the bankruptcy.

Hicks said officers and directors are the only full-time Delta employees without furlough protection.

He called the plan "extraordinarily conservative" and unlikely to cost more than a few million dollars.
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Old February 11th, 2006, 08:49 PM   #175
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lol, this thread still around, , I think thread might last longer than Delta Airlines, lmaO
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Old February 15th, 2006, 02:55 AM   #176
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Delta Reports Narrower 4Q Loss of $1.24B
By HARRY R. WEBER
14 February 2006

ATLANTA (AP) - Delta Air Lines Inc., the nation's third-largest carrier, reported Tuesday a narrower fourth-quarter loss on a solid increase in revenue, but its results pushed its red ink to more than $12 billion since January 2001.

The company, which is operating under bankruptcy protection, said it lost $1.24 billion in the three months ending Dec. 31, compared to a loss of $2.21 billion in the same period a year ago.

The airline did not provide per-share data in its balance sheet.

Excluding one-time reorganization and other special items, Delta said it lost $782 million in the October to December quarter. Analysts surveyed by Thomson Financial were expecting a loss of $3.32 a share in the fourth quarter.

Revenue in the quarter rose 6.2 percent to $3.93 billion, compared to $3.70 billion in the same period a year ago.

Delta has now lost $12.3 billion since January 2001.

"Losses of the magnitude that Delta recorded in 2005 are not sustainable," said Edward H. Bastian, Delta's executive vice president and chief financial officer. "These losses emphasize the need for the urgency with which we have to pursue route network and revenue improvements and the use of the bankruptcy process to reduce the cost and complexity of our business."

In its monthly operating report filed with the bankruptcy court, Atlanta-based Delta reported a net loss of $753 million in December on disbursements of $1.76 billion. The company said it ended the year with $2 billion in unrestricted cash on hand.

Delta said it spent $1.13 billion on aircraft fuel in the fourth quarter, 26 percent more than the $895 million it spent in the same period a year ago. For all of 2005, it spent $4.27 billion on aircraft fuel, 46 percent more than the $2.92 billion it spent in 2004.

Delta, meanwhile, is still trying to reach a comprehensive agreement with its pilots on a second round of pay and benefit cuts. The company has been seeking $325 million in concessions, but has offered to reduce that to $315 million. The pilots are currently offering about $115 million in new annual concessions. The cuts would be on top of $1 billion in annual concessions the pilots agreed to in a five-year deal in 2004.

The airline filed for Chapter 11 in New York in September.

For all of 2005, Delta said it lost $3.84 billion, compared to a loss of $5.22 billion in 2004. Twelve-month revenue rose to $16.19 billion, compared to $15.24 billion in the previous year.

The fourth-quarter and full-year losses included dividends that accrued for preferred shareholders but were not paid.
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Old February 17th, 2006, 08:22 PM   #177
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Delta pilots picket outside airline's terminal over pay cut talks
By HARRY R. WEBER
17 February 2006

ATLANTA (AP) - More than two dozen Delta Air Lines Inc. pilots held signs Friday berating management for asking pilots to take deep concessions while trying to get court approval for a hefty severance plan for officers.

The picketing at the passenger drop-off area outside Delta's terminal at Hartsfield-Jackson Atlanta International Airport came after the pilots union and company Thursday failed to agree on a second round of pay and benefit cuts.

"The pilots are telling us they are extremely disappointed in Delta management and are tired of listening to management's demands," union spokesman John Culp said as rank-and-file members walked in a circle holding signs.

Some pilots held signs that said "career employees, turnstile management," and "it's not the cost of fuel, it's the lack of leadership."

"This is informational picketing only and is not causing any disturbance to our service," Delta spokesman Bruce Hicks said.

On Thursday, the union warned that if the court approves the severance payouts, it could hurt efforts to agree on more pilot concessions. Delta is asking for what could amount to $14 million in severance for officers and directors who are fired as part of the company's reorganization.

The Air Line Pilots Association said the Atlanta-based airline's Feb. 8 bankruptcy court request for the severance plan would be bad for employee morale and would threaten the company's reorganization process if approved.

Delta, the nation's third-largest airline, has been seeking $325 million in new concessions from its 6,000 pilots. It recently offered to lower the request to $315 million. The pilots are currently offering about $115 million in new annual concessions. Culp said Friday the table positions did not change at Thursday's negotiation session.

The cuts would be on top of $1 billion in concessions the pilots agreed to in a five-year deal reached in 2004.

A Delta spokesman has called the severance proposal "conservative by industry standards." On Thursday the company issued a statement saying the proposal has the support of the official committee of unsecured creditors in the airline's bankruptcy case.

A judge has not yet ruled on Delta's severance plan request, which the pilots union is asking be denied.

In its proposal, Delta asked the bankruptcy court's permission to reinstate its pre-bankruptcy severance practices for 144 officers and director-level employees.

The company said that under the program, severance pay of six to 12 months would be granted to certain employees whose jobs are terminated because of specified organizational or business changes. Employees who quit or are fired for cause would not receive severance.

If all 144 employees were terminated under the program, the cost to Delta would be $14.2 million, the company has said. CEO Gerald Grinstein and Chief Operating Officer James Whitehurst would not participate in the program.

The company said failure to implement the severance plan could increase unwanted attrition among upper-level employees.

Meanwhile, if negotiators for the pilots union and company can't reach a comprehensive deal on new concessions by March 1, a three-person arbitration panel would decide the company's request to reject the pilot contract so Delta can impose the cuts it is seeking unilaterally.

The pilots union has said it will strike if the contract is thrown out.
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Old February 20th, 2006, 05:52 AM   #178
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OMG, how bad is Delta situation?? because i got plane tickets for a LA - LDN, round flight in July, is it at risk the public service??? does anyone has some idea?
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Old February 20th, 2006, 06:48 AM   #179
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^ I don't think Delta will shut down any time soon. As with the other restructurings among US carriers, they will eventually get back on their feet after the negotiations and strike threats are over.
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Old February 20th, 2006, 10:14 PM   #180
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I don't think the US government would let such a huge airline fail either. It's the second-largest domestically, isn't it? I mean, maybe a merger or buyout would be better even, from the government's point-of-view.
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