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Elon Musk Buying a Majority Stake in American Airways : AirlineReporter

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April 2nd Creator’s Notice : we hope everybody appreciated this April Idiot’s joke (or not less than realized it was a joke by the third line in). Pretend information is an issue, so to ensure no one will get confused, we needed to drop this disclaimer to make it clear that that is not an actual story. Thanks for studying!

Elon Musk introduced he’ll buy a 51% stake in American Airways. This continues his latest sample of buying corporations that play central roles in American society and infrastructure.

He introduced the information on Twitter and in a press convention. When requested about his curiosity in American Airways, Musk acknowledged “I noticed that I merely get pleasure from shopping for corporations with birds on their logos. And when I’ve such an obscene sum of money why ought to I attempt to battle these urges?”

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Elon Musk making his announcement

Later within the press convention Mr. Musk outlined a collection of main adjustments he plans for the airline’s operations. Efficient instantly, American will settle for dogecoin for ticket purchases, and in coming years will transition to a totally blockchain-based fee system. The airline will begin charging flyers a nominal charge of $10 for passengers to show their TSA PreCheck standing on their boarding passes.

Main adjustments are in retailer for American’s workforce as properly. All workers will likely be required to work in-office at company headquarters. This will show difficult for the airline’s pilots and flight attendants, who’re accustomed to engaged on plane, however Mr. Musk expects them to rise to the problem. According to his views about free speech, Mr. Musk needs the Twitter deal with @AmericanAir to take controversial political stances and to share conspiracy theories. To maximise earnings, Mr. Musk plans to put off round a 3rd of the airline’s staff. Nonetheless analysts count on that transfer to be adopted by frantic makes an attempt to rehire many of the furloughed workers shortly thereafter.

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American Airways plane at Miami Worldwide Airport

Some trade consultants additionally expressed pleasure that Mr. Musk’s household of corporations might provide multimodal transport itineraries. For instance, passengers might rent a Tesla-operated rideshare to the airport, fly an American Airways flight, then connect with a SpaceX moon rocket that will or could not explode on touchdown. Mentioned SpaceX worker April Phules, “after experiencing the within of a Falcon 9 rocket, I believe American Airways passengers will likely be a little bit extra forgiving in regards to the airline’s economic system class legroom.”

Whereas some passengers appear frightened in regards to the affect Musk’s takeover could have on the airline, others permitted of the transfer. “As a proud proprietor of three Teslas I get pleasure from feeling higher than different individuals,” mentioned Bay Space resident Hugh Jassol. “I look ahead to experiencing that very same sense of superiority when flying American Airways too.”

N576AA above LAX's famous spotting park across from In-N-Out in 2015.

American’s MD-80s are possible glad they retired earlier than all this went down

American Airways shareholders readied themselves for excessive volatility within the airline’s inventory worth within the weeks forward. When requested for remark, SEC Chair Gary Gensler merely burst into tears.

Notice from the editor: This story shouldn’t be actual. Elon in case you are studying this PLEASE DO NOT ACTUALLY BUY AMERICAN AIRLINES.

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SENIOR CORRESPONDENT – NEW YORK, NY. Manu is a health care provider, frequent flier, personal pilot, and a devoted AvGeek. He enjoys writing about aviation from a millennial’s perspective, and co-manages AirlineReporter’s social media presence and video tasks.



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