6 replies to this topic

[kenpalm]

Worldwide Air has agreed to purchase PTE london operation for a price of $3 billion. PTE will deliver a number of aircrafts, 30 LHR gates and a total of 60 other Europen gates to WWA. In return WWA will pay PTE a fixed monthy amount plus 1.5% of the reducing balance as finance charges.

The attonneys for both companies are in the process of drafting an agreement which will be made public before the deal is consumated.

[Maestro69]

Interesting news indeed. Thanks for posting that

[kenpalm]

Sales Contract

This contract is for the sale of Palm Tree Express (PTE) London Heathrow (LHR) operation to Worldwide Air (WWA) under the following terms and conditions:

1. PTE will deliver the following assets to WWA :
a. 30 LHR gates
b. 60 gates from other cities in Europe
c. 15 Q400s
d. 10 A319s
e. 5 757 300s
f. 5 A321 200
g. 15 EMBs

2. WWA will pay PTE a minimum of $25 million plus 1.5% of the remaining balance each month. For example, in the first month, WWA would pay $25 million plus $45 million, the latter representing 1.5% of $3 billion.


3. The parties will appoint a panel of three for the purpose of resolving any dispute. Each party will independently select one person. The third person will be agreed by both parties. The decision of the majority carries and is final and binding.

[travelhouse]

Sales Contract

This contract is for the sale of Palm Tree Express (PTE) London Heathrow (LHR) operation to Worldwide Air (WWA)

Who is this player WWA (Thats an Alliance) name as there is NO such player in the search only one is
WorldWide Air (12614)

[UAL747DEN]

Worldwide Air is pleased to announce that a signed copy of the contract with PTE is on its way back to PTE World Headquarters this morning.

Worldwide Air is hoping to have a full operation up and running at LHR by Monday morning in time for business travelers. Worldwide CEO Elbert Mathews commented from the hospital room where he spent most of his day yesterday in excruciating pain from a kidney stone that he was excited to add LHR to the route map and that he wanted some more morphine. Worldwide Air hopes to be able to make more comments when their CEO is able to get off of the Percocet!

[watchdog]

Worldwide Air is pleased to announce that a signed copy of the contract with PTE is on its way back to PTE World Headquarters this morning.

Show us this contract, do you want a Roll Of Crap Paper too You will last only a few months in LHR even with the hand out

[LeipeLimbo]

Show us this contract, do you want a Roll Of Crap Paper too You will last only a few months in LHR even with the hand out

I bet the hand out will be negotitating for a raise soon , Having to reset all of WorldWide's routes out of the 10 busiest airports around