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 05.04.15

Airborne 05.05.15

Airborne 04.29.15

Airborne 04.30.15

Airborne 05.01.15

Airborne Hi-Def On YouTube

Airborne 05.04.15

Airborne 05.05.15

Airborne 04.29.15

Airborne 04.30.15

Airborne 05.01.15

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 05.04.15: NBAA Acts On E Hampton, NASA's Messenger, Another 'Carplane?'

Also: Dreamliner AD, K-MAX, Building B737NGs, USAF In Nepal, Airbus Training Ctr, FAA SAFO According to the NBAA, town officials are poised to implement a set of noise and access r>[...]

ANN's Daily Aero-Linx (05.05.15)

Glue-It.Co.Uk This online photographic reference is for model makers. Click on Aircraft Images to see their collection of photographs listed by manufacturer and model.>[...]

ANN's Daily Aero-Term (05.05.15): Bleed Air

Hot air taken from the engine compressor.>[...]

Aero-News: Quote Of The Day (05.05.15)

"Although LOC-I events are rare, 97% of the LOC-I accidents over the past five years involved fatalities to passengers or crew." Source: Tony Tyler, IATA Director General and CEO.>[...]

ANN FAQ: Feel The Propwash (Updated)

New Form Makes Subscribing, Unsubscribing Even Easier While we're very proud of our newly-redesigned website, we know that some folks really enjoy the convenience of having their A>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC