Usually Sunday night is fairly quiet for airline news, but we see now that AirTran has issued a press release stating that their tender offer for Midwest Air Group has expired.
AirTran’s language indicates that its not the end of this soap opera as another suitor or suitors, private equity and a “passive” investor, are going to be the winners of the Milwaukee cookie race. Rumors about an investment from Northwest have abounded in the last week.
Milwaukee news outlets are indicating that we should hear more from Midwest tonight. Stay tuned.
[Read “AirTran halts negotiations with Midwest” at The Milwaukee Journal Sentinel.]