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It’s all in the very preliminary stages but if a ‘good fit’ analysis proves positive Delta Air Lines, Inc. (NYSE:DAL) will likely make a takeover bid for US Airways Group (NYSE:LCC), says a Wall Street Journal report on Friday. According to nearby sources, Delta is working with Goldman Sachs Group (NYSE:GS) and Blackstone Group (NYSE:BX) with the analysis.
The airline has not made any direct overtures so far. Delta is the second-largest airline in the world, measured by traffic; it acquired Northwest Airlines in 2008.
Meanwhile, US Airways and Delta are reportedly considering bids for the bankrupt AMR Corp. (AAMRQ), which is parent of American Airlines. US Airways has confirmed this and Delta declines comment. US Airways moved up to number six after its merger with American West Airlines in 2005.
To contact the reporter on this story: at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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