AMR Near End Of Bankruptcy Proceedings | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 09.15.14 ** HD iPad-Friendly -- Airborne 09.15.14 **
** Airborne 09.12.14 ** HD iPad-Friendly -- Airborne 09.12.14 **
** Airborne 09.10.14 ** HD iPad-Friendly -- Airborne 09.10.14 **

Thu, Dec 13, 2012

AMR Near End Of Bankruptcy Proceedings

Horton Says The Company Could Look To Private Equity

AMR Corporation is nearing its exit from Chapter 11 bankruptcy proceedings, according to CEO Tom Horton, and could be willing to accept private equity to help bring the company back to solvency.

Bloomberg Business Week reports that Horton said in an interview that he has not yet determined whether the airline would do best as a stand-alone carrier, or if it should merge with suitor US Airways. American is currently the nation's third-largest airline.

Horton said that the final capital structure for the airline is still being developed, and that he is open to discussions with a private-equity partner. He predicted that the company would "have industry-leading margins" that would make it an attractive investment.

If AMR merges with US Airways, the move would make the combined airline the world's largest based on passenger traffic. United Continental Holdings currently holds that distinction. The merger talks have been going on since January, and a merger is supported by American's pilots' union. The Allied Pilots Association reached a new labor agreement with American last week.

FMI: www.aa.com/i18n/amrcorp/newsroom/mn-restructuring-news.jsp

Advertisement

More News

Airborne 09.15.14: ForeFlight's iOS8 Caution, Boeing v Al Jazeera, Expedition 40

Also: EAA On NTSB Drug Study, Remember 'Ripcord?', FAA Loosens Up In SAR UAV Use, Curiosity Arrives At Martian Mount, IAF Worries About Social Media With much fanfare, Apple rolled>[...]

Airborne 09.12.14: Alan Klapmeier's $10M Win, OWW Progress, 3rd Class Update

Also: Zero-G Engine Repo, Collier Trophy, EAA Addresses FAA Hangar Use, CAF's Dallas Air Expo While it comes as no surprise to those of us that have had to deal with Cirrus Aircraf>[...]

Airborne 09.15.14: ForeFlight's iOS8 Caution, Boeing v Al Jazeera, Expedition 40

Also: EAA On NTSB Drug Study, Remember 'Ripcord?', FAA Loosens Up In SAR UAV Use, Curiosity Arrives At Martian Mount, IAF Worries About Social Media With much fanfare, Apple rolled>[...]

AD: Sikorsky Aircraft Corporation (Sikorsky) Helicopters

AD NUMBER: 2014-07-04R1 PRODUCT: Certain Sikorsky Model S-92A helicopters.>[...]

AD: DG Flugzeugbau GmbH Gliders

AD NUMBER: 2013-22-14 R1 PRODUCT: Any DG Flugzeugbau GmbH Model DG-1000T glider equipped with a Solo Kleinmotoren Model 2350 C engine.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC