Thu, Dec 13, 2012
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.
Could The FAA Get ANY Stranger? Worse Yet... Will They? ANN RealTime News Update, 0001ET, 05.23.13: The FAA has twice promised ANN a statement this day in order to understand some >[...]
Building A New Future For The EAA... One Issue At A Time Originally WebCast 11.14.12: With only a couple of weeks in pocket, directing the reorganization of the EAA in the wake of >[...]
Subcommittee Chair Call Mars Mission A Congressional Priority The House Science Committee Subcommittee on Space held a hearing Tuesday to examine possible options for the next step>[...]
Third Such Restructuring In 10 Years Dassault Falcon has embarked on its third parts pricing overhaul in the past 10 years, assessing the cost of over 18,500 individual items. The >[...]
Chandelle Chandelle is meant to be a forum for original essays, reviews, photographs, and artwork related, however loosely, to the less familiar aspects of the history of aviation.>[...]