Air Transport World

Two of Midway Airlines.(Brief Article)

Two of Midway Airlines' shareholders offered to acquire the carrier for $36 million. James Goodnight and John Sail already own 47.4% of Midway's 8.6 million shares, having been instrumental in rescuing the airline in 1997. They are offering $8 a share for the remaining 4.5 million shares, The takeover is "subject to execution of an acceptable employment agreement with the CEO of Midway," former Continental CEO Robert Ferguson, who was recruited by the pair. …

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