Bohemia, NY (PRWEB) August 29, 2013 -- On August 29, Alec Sohmer, a financing specialist, comments on an article published by USA Today, which details the merger between American and US Airways and their battle with the U.S. Department of Justice.
According to an article published by USA Today on August 22 titled “Battle Lines Growing in AA-US Airways Merger Fight,” the Dept. of Justice is trying to bar the two major airlines from merging. However, many political and business leaders in Florida, Texas and North Carolina have asked the DOJ to reconsider the lawsuit, citing the merger would help the economy.
In the article, Miami-Dade mayor Carlos Giminez says, “American Airlines is a vitally important part of our work force. It’s vitally important that American be allowed to come out of bankruptcy and expand their footprint.”
Alec Sohmer, a financing specialist, says the Dept. of Justice sued the two airlines in an effort to prevent an $11 billion merger. “The DOJ’s main reason for the lawsuit is to save consumers from paying higher fares and fees,” he says. “However, this is not the first time the country has seen a major airline merger. United Continental and Delta merged a few years ago.”
Sohmer agrees that allowing the two airlines to merge would actually help stimulate the economy. “The merger would add jobs, generate tax revenue and help bring American Airlines out of bankruptcy,” he says. “Mergers help companies stay competitive in the market. Preventing this merger would really harm states where these airlines have major hubs. The Dept. of Justice should really think again about blocking this collaboration.”
Alec Sohmer, a strategic business and financing leader with Plymouth Rock Capital, has 20 years of Board-level experience. He has served in many interim management positions for businesses requiring significant turnaround or restructuring. He is able to increase revenue streams by utilizing a variety of line management techniques. In his two decades of experience, he has dramatically increased revenues of businesses by identifying untapped markets.
Alec Sohmer, Plymouth Rock Capital, http://plymouthrockcapital.com, +1 866-991-1521, [email protected]
SOURCE Plymouth Rock Capital