American Airlines May Consider Potential Mergers | 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 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.30.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.30.16

Tue, May 15, 2012

American Airlines May Consider Potential Mergers

AMR Corp. To Develop Possible Consolidation Scenarios

American Airlines reports that has agreed with creditors to consider potential merger situations while it reorganizes under bankruptcy protection. Parent company AMR Corp. said the company had agreed to develop consolidation scenarios but that did not indicate it would pursue a deal with any particular party. This development may suggest that events could be unfolding quicker than the airline expected since US Airways increased its merger rhetoric.

The Associated Press reports that AMR’s CEO Thomas Horton has maintained that he wanted American Airlines to emerge from bankruptcy protection as an independent company. However, US Airways has lobbied AMR's creditors and lined up support from American's three unions for a takeover.

A message of “no confidence” was delivered on Friday by hundreds of pilots and other employees to AMR headquarters in Fort Worth and New York. The unions believe a combined company would cut fewer jobs and stand a better chance at competing with industry leaders United and Delta.

US Airways praised AMR's decision, saying a combination would benefit both companies’ employees and customers as well as creditors and investors. Standard & Poor's, citing a Bloomberg News report earlier Friday, said news that AMR would consider a merger as an alternative to its stand-alone restructuring plan made it more likely that US Airways will acquire or merge with AMR. S&P analyst Jim Corridore said a merger would fix US Airways' weak international network and give it size to compete with bigger rivals.

FMI: www.aa.com

Advertisement

More News

Airborne 09.29.16: SpaceX Raptor, FAA v KSMO, First A330neo

Also: ISU Plane Mess, Redbird-NBAA-Deland, 1st Inuit Female Pilot, NTSB on Reno, Rotorwash, Air Tanzania Q400s, Av-Appreciation It looks like the concept of presidential candidates>[...]

AD: Airbus Airplanes

AD NUMBER: 2016-18-07 PRODUCT: Certain Airbus Model A330-200 and -300 series airplanes; and Model A340-200 and -300 series airplanes.>[...]

AD: REIMS AVIATION S.A. Airplanes

AD NUMBER: 2016-19-15 PRODUCT: Certain REIMS AVIATION S.A. Model F406 airplanes.>[...]

Airborne 09.28.16: NEW DJI Mavic!, EAA's Next STC, Sean Tucker Honored

Also: LA Times v SMO, APS UAT Program, Gordon Bennett 2016, Tucson Control Tower, Hubble Find, Southwest Airlines, Iowa State Another new small unmanned aerial system is now on the>[...]

ANN's Daily Aero-Linx (09.30.16)

Airline Pilot Central AirlinePilotCentral.com (“APC”) launched in 2005 with the goal of providing comprehensive information for airline pilots.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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