Weakened by losses and a shrinking market value, Midway Airlinesapparently has become the target of competition-minded AMR Corp.,parent of American Airlines.
American is believed to be looking at Midway in order to expandits presence in Chicago, a goal that is virtually impossible atcrowded O'Hare Airport, where American has 38 gates and UnitedAirlines dominates with 55.
A Fort Worth newspaper had reported that Dallas-based AMR Corp.hired Goldman Sachs & Co. to explore the possibility of acquiring allor part of Midway. American and the investment banking firm wouldn'tcomment on the report, which also was carried in Crain's ChicagoBusiness. Midway spokeswoman …
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