AMR Corp Seeks Additional Consultants In Reorganization | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Tue, Feb 21, 2012

AMR Corp Seeks Additional Consultants In Reorganization

Court Filings Show Plan To Save $750 Million Per Year In Operating Costs

American Airlines parent company AMR has asked the U.S. Bankruptcy Court for the Southern District of New York for permission to hire additional consultants to assist in its restructuring, according to documents filed with the court.

The court gave the company interim approval last week to hire 13 consultants to create it's plan to emerge from bankruptcy. The additional firms would advise AMR in the areas of employment management, airport facilities, property tax, and other special bankruptcy issues, according to a report in Tulsa World. It has sought permission to bring on the Boston Consulting Group Inc. as strategic management consultants.

The court filings bring the company's plan to save $750 million per year in costs through such measures and grounding older planes, restructuring its debt and leases, and facilities reduction.

AMR has already announced the retirement of two senior vice presidents as part of the management reorganization, and that the senior staff has been reduced from 14 to 10.

It also wants to hire AvAirPros to evaluate its real-estate holdings, as well as other companies including a law firm with international expertise. The company says it will need 8 months to complete its reorganization plan.

FMI: www.aa.com/i18n/amrcorp/corporateInformation/facts/amr.jsp

Advertisement

More News

ANN's Daily Aero-Term (05.01.24): Say Altitude

Say Altitude Used by ATC to ascertain an aircraft's specific altitude/flight level. When the aircraft is climbing or descending, the pilot should state the indicated altitude round>[...]

ANN's Daily Aero-Linx (05.01.24)

Aero Linx: European Air Law Association (EALA) EALA was established in 1988 with the aim to promote the study of European air law and to provide an open forum for those with an int>[...]

Classic Aero-TV: Korean War Hero Twice Reborn

From 2023 (YouTube Version): The Life, Death, Life, Death, and Life of a Glorious Warbird In 1981, business-owner Jim Tobul and his father purchased a Chance-Vought F4U Corsair. Mo>[...]

Airborne 04.29.24: EAA B-25 Rides, Textron 2024, G700 Deliveries

Also: USCG Retires MH-65 Dolphins, Irish Aviation Authority, NATCA Warns FAA, Diamond DA42 AD This summer, history enthusiasts will have a unique opportunity to experience World Wa>[...]

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Also: WACO Kitchen Bails, French SportPlane Mfr to FL, Dynon-Advance Flight Systems, Innovation Preview Bobby Bailey, a bit of a fixture in sport aviation circles for his work with>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC