Wall Street Journal- U.S. airlines are once again flirting with potential mergers. But this time, hedge funds are providing some of the push.
Pardus Capital Management LP, an investor in both Delta Air Lines Inc. and United Airlines parent UAL Corp., this month took public its proposal that the two airlines merge.
Now the hedge fund is trying to rally like-minded funds and other investors to its call for airline consolidation. Pardus took its message to about 75 airline investors two weeks ago at a meeting in New York. Then, last week, the hedge fund made individual pitches to investors in Boston.
