High-Flying Hedge Fund Buys AirTran Stake

Jan 23 2008 | 9:21am ET

A hedge fund known for investing in airlines is hoping to take flight with discount carrier AirTran Airways.

Boston-based PAR Capital yesterday disclosed a 5.1% passive stake in Orlando, Fla.-based parent company AirTran Holdings. The hedge fund said it bought some 4.7 million AirTran shares in a 13G filing with the Securities and Exchange Commission, indicating that it does not intend to throw its newfound weight around.

PAR at one time was the largest shareholder of US Airways. Ed Shapiro, a PAR vice president, remains on the company’s board of directors.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...