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 06.27.16

Airborne 06.28.16

Airborne 06.29.16

Airborne 06.23.16

Airborne 06.24.16

Airborne Hi-Def On YouTube

Airborne 06.27.16

Airborne 06.28.16

Airborne 06.29.16

Airborne 06.23.16

Airborne 06.24.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

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 06.27.16: Blue Angels Return, LI UAV Ban, NJ Jet Fuel Tax

Also: Gone West-Thomas Wathen, Boeing 747-8, FAR 107 Course, Teamster Pilots, C Series, Yuneec Typhoon H, Embraer We are happy to announce that the U.S. Navy Blue Angels will retur>[...]

Airborne 06.24.16: ADS-B Analysis, NavWorx Price Drop, ALPA v Transport Canada

Also: Porker Of The Month, Aviation BBB?, Super Puma, AirVenture Events, FedEx 767s, Solar Impulse, Sikorsky Flight Safety Foundation has released the study "Benefits Analysis of S>[...]

Airborne 06.27.16: Blue Angels Return, LI UAV Ban, NJ Jet Fuel Tax

Also: Gone West-Thomas Wathen, Boeing 747-8, FAR 107 Course, Teamster Pilots, C Series, Yuneec Typhoon H, Embraer We are happy to announce that the U.S. Navy Blue Angels will retur>[...]

United, AFA Reach Agreement For Flight Attendants

Brings All FAs Into A Single Work Group For Collective Bargaining An agreement on terms of a joint contract that would bring the airline’s more than 25,000 flight attendants >[...]

ANN's Daily Aero-Linx (06.28.16)

FAA Online N Number Registry Renewal This site is provided to allow the renewal of a currently reserved N-number.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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