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 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.20.17

Airborne Hi-Def On YouTube

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.20.17

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 01.20.17: Astro-NIMBY!, Airbus Flying Car, JetSuiteX v KSMO

Also: Daher Delivers, Aviation Progress, Tecnam P2012, D.B. Cooper, MH370 Search, T-45C Accident, Piper We previously reported that studies indicate many complaints about airport n>[...]

Aero-TV: Hover Camera Passport - A Gesture Controlled Selfie Drone

It’s So Simple to Operate, Anyone Can do it… And we’re Not Kidding The drones were up and flying at the Consumer Electronics Show held in Las Vegas in January 20>[...]

Aero-News: Quote of the Day (01.22.17)

Aero-News Quote of the Day "During the holiday season, it's especially important to give back. Knowing so many families were provided transportation to doctors because of Miracle F>[...]

ANN's Daily Aero-Linx (01.22.17)

Aero Linx: German Business Aviation Association (GBAA) The German Business Aviation Association is a registered association representing the interests of corporate aviation and of >[...]

ANN's Daily Aero-Term (01.22.17): Flight Level

Flight Level A level of constant atmospheric pressure related to a reference datum of 29.92 inches of mercury. Each is stated in three digits that represent hundreds of feet. For e>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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