
Manager Director, Spring Creek LLC
Member of the Financial Services Council
Andrew Dickson serves as Equity and Controlling Trustee for Aircraft Finance Trust, a securitization of leased commercial aircraft. Mr. Dickson is also a Managing Director of Spring Creek, and has also served as Executive Vice President and Chief Financial Officer for Alexander Capital. Prior, he served in London as a Director in the Asset Finance Group of Citibank, N.A. Before joining Citibank, Mr. Dickson focused on aircraft leasing and securitizations with Babcock & Brown LP. Prior, he was with D'Accord Financial Services. He began investment banking in the Management Associate program with Citibank N.A. in New York. Mr. Dickson has served on Boards of many charities. He holds Bachelors degrees in Economics and Spanish, and an MBA, all from Washington University in St. Louis, MO. (This is me - Update Profile)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
USAirways Seem to Force the Issue
January 10, 2007
USAirways Increases Offer to Buy Delta Air Lines | online.wsj.com
• The management of Delta is holding on, but the Delta creditors need to get paid, regardless of who the management is.
• Consulting with Gordon Bethune (former Continental CEO) probably led to a move of putting in the highest offer by USAirways, and concluding that this has been taking too much time already. Doug Parker has an airline to run.
• Spending up for Delta, USAirways will have higher debt service, and needs to achieve its efficiencies.
Continental and Northwest looked at it before
December 13, 2006
Continental Shares Rise on Merger Talk | news.airwise.com
• Northwest Airlines' "golden share" is an obstacle for Continental to seek M&A with anyone but NWA
• Continental can defend against bids if needed with strong management and over $2 billion cash
• In 2000 the Justice Department forced Northwest Airlines to sell down its stake in Continental Airlines http://www.usdoj.gov/atr/cases/f6100/6161.htm
• One wonders how much the creditors at NWA would take for the "golden share"
| Study Group Name | No. Members |
|---|---|
| Airline and Aerospace Industry Experts: GLG Leaders and Scholars | 610 |
| Structured Finance Experts | 382 |
| Airline Industry Experts (EU) | 337 |
| Aircraft Leasing Professionals | 172 |
| Asset Backed Securities Experts | 166 |
Andrew Dickson has not participated in any GLG Live Meetings.