XPost: rec.travel.air, alt.travel   
   From: johnl@iecc.com   
      
   > The Elk Grove Township-based parent of United Airlines wants to sell   
   > off no more than 9% of its ownership in Orbitz when the travel   
   > agency holds its initial public offering (IPO). Orbitz expects to   
   > begin trading in November, with IPO shares priced at $22.   
      
   Look at the Orbitz S-1.  Each of the five of the owners is planning to   
   sell a part of their Orbitz stock, but they're holding on to most of   
   their stock and will continue to own enough to jointly control the   
   company after the IPO.   
      
   Since United is in bankruptcy, it needs the court's permission to sell   
   their bit, which is why there've been press releases, but their plans   
   are no different from the other four airlines.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)