US Airways (Phoenix) and private equity firm TPG Capital (Fort Worth) are talking about a possible joint bid to acquire American Airlines (Dallas/Fort Worth) according to this report by Reuters. A joint bid would give the bid more credibility with the creditors and the bankruptcy court.
TPG Capital, founded by Jim Coulter and David Bonderman, brought Continental Airlines (Houston) out of bankruptcy and turned the company into a money maker.
Read the full story from Reuters: CLICK HERE
Background information on TPG from Wikipedia: CLICK HERE
Copyright Photo: Bruce Drum.