This week’s featured link:
United-Avianca Deal Becomes Target of Lawsuit by Kingsland – Bloomberg
Avianca has been desperately looking for new investors, and United has the inside track. But the former owners of TACA (who after the merger became the second largest shareholder in Avianca) are crying foul. They say the largest shareholder (the owner of pre-merger Avianca) is doing this for personal gain. This is some great drama.
Two for the road:
Here is the full transcript of billionaire investor Warren Buffett’s interview with CNBC – CNBC
Warren Buffett sat down to talk about a variety of things, and of course, his big recent investments in the four largest US airlines came up. It’s worth a read or a watch, but I think my favorite quote?
And I bought into one called U.S. Air, that was my previous investment in the late 1980s. Ed Colodny, who was the CEO, came out here. We had dinner at Garazzo and I gave him $358 million, and it disappeared almost before we finished dinner.
A security tech stop – Wandering Aramean
United is so concerned about the safety of its crews in Venezuela, it has now decided to stop in Aruba on the way. Read this post to understand why that helps.