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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.13.17

Airborne Hi-Def On YouTube

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.13.17

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 01.17.17: Gene Cernan, KSMO NIMBY's Threaten AvBiz, Lily Drones Kaput

Also: Gone West: Bill Bordeleau, Aero-Calendar, Duncan Aviation, Norwegian Air, Drone Advisory, QinetiQ, Drone v Space Needle We’re sorry to report that, according to a Tweet>[...]

Airborne 01.16.17: Dynon/EAA STC Expands, SpaceX, Chao Coy On ATC Privatization

Also: Project Titan, Part 23 Rule, SportAv HoF, Iran Air, FL's Space Coast, Galaxy Note7 Warnings, Boeing Employees When Dynon and EAA announced that they had worked together to ob>[...]

Airborne 01.17.17: Gene Cernan, KSMO NIMBY's Threaten AvBiz, Lily Drones Kaput

Also: Gone West: Bill Bordeleau, Aero-Calendar, Duncan Aviation, Norwegian Air, Drone Advisory, QinetiQ, Drone v Space Needle We’re sorry to report that, according to a Tweet>[...]

FAA Grants TSO To Sandia For (I)VSI

Gives Nearly Immediate Vertical Speed Information The FAA has granted SANDIA Aerospace an additional TSO on their popular SAI 340 Quattro multi-function indicator. In addition to A>[...]

ANN's Daily Aero-Linx (01.18.17)

Intrepid S-A-S Museum Occupying some prime “sea estate” on the Hudson River in Manhattan is the Intrepid Sea, Air and Space Museum. Boasting “Adventures in Herois>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC