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

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Oshkosh Day Five

Airborne Hi-Def On YouTube

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Oshkosh Day Five

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

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 07.28.16-Oshkosh Day 4: Mike Huerta Addresses Oshkosh, King Schools

Also: Evolution Aircraft, Sporty’s/Savvy Breakdown Assistance, Comprehensive Jack Pelton Interview, Part 4 FAA administrator Michael Huerta came to town at EAA AirVenture 201>[...]

Dynon Avionics Certifies Outstanding Osh16 Special Event Coverage!!

Leading Edge Sport Avionics Company Pushes The Envelope For Both Sport and General Aviation Markets! Founded in 2000, Dynon Avionics’ mission is to create the best avionics a>[...]

Pilot Training System Teaches Us The Way To Oshkosh 2016 Special Coverage!

Pilot Training System Has A Knack For Educating Aviators... Via Innovative Programs Established in 2011, Pilot Training System’s (PTS) online flight-training solution provide>[...]

Only Sporty's!!! Sporty's Pilot Shop Helps ANN Cover Oshkosh 2016!

Sporty's Pilot Shop Is A Pivotal GA Resource! Sporty’s Pilot Shop was founded over 50 years ago by a flight instructor, and ever since has been for pilots and by pilots. Hal >[...]

Trig Avionics Stacks The Deck To Provide ANN's OSH16 Special Event Coverage

Trig Excels In Affordable Avionics That Fit YOUR Panel! Trig Avionics are experts in the design and manufacture of compact and innovative certified avionics for light aviation. Our>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC