American Airlines parent AMR Corp will explore strategic options that include a possible sale

X-Forces

X-Forces

Big Black Guy
Here we go!

http://www.bloomberg.com
American Airlines parent AMR Corp. (AAMRQ) will explore strategic options that include a possible sale under an agreement with the unsecured creditors committee in its bankruptcy case, people familiar with the matter said.
The process would begin this summer, before the September expiration of AMR’s exclusive right to propose a reorganization plan, said the people, who weren’t authorized to speak publicly.

The creditors panel pressed for such an accord so that Fort Worth, Texas-based AMR’s review of its options would include studying a merger with US Airways Group Inc. (LCC), which is considering whether to mount a takeover bid, said one of the people.
Exploring options now marks a shift from Chief Executive Officer Tom Horton’s stated goal of having AMR exit Chapter 11 before weighing a merger. That approach has been under pressure after US Airways hired advisers, won backing for a tie-up from American’s unions, and began courting creditors.
Andy Backover, a spokesman for AMR, didn’t have an immediate comment.
US Airways rose 4.7 percent to $11.44 at 3:34 p.m. in New York, after reaching $11.47, the highest intraday price since January 2011.
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Don't know how much fun it will be in the long run. I am starting to think a carefully orchestrated plan is playing out.
 
From what I have heard from the Mainline American buddies of mine a merger with US Air is one of the best things that could happen to them at this point.
 
Pilotforhire587 said:
From what I have heard from the Mainline American buddies of mine a merger with US Air is one of the best things that could happen to them at this point.
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From having some "insider details" of what US Airways was planning on doing with Delta, I wouldn't be so excited.
 
Derg said:
From having some "insider details" of what US Airways was planning on doing with Delta, I wouldn't be so excited.
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Completely different animal. The route overlap with Delta would have been sever and somebody would have had to be gutted to make it work. The route overlap with AA is relatively small.
 
BobDDuck said:
Completely different animal. The route overlap with Delta would have been sever and somebody would have had to be gutted to make it work. The route overlap with AA is relatively small.
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Derg said:
From having some "insider details" of what US Airways was planning on doing with Delta, I wouldn't be so excited.
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I haven't heard much in any level of detail, I don't think any of the pilots there really know. But it seems that Like Bob said, a merger, or buy out, or what ever happens will result in fewer furloughs than any other option.
 
Folks,

The USAir merger is the only thing, on the table, that makes sense for AA at this time.

In my opinion, this is better for AA than for US.

AA simply does not have a go forward sustainable business plan that will keep it in business as a stand alone carrier.

Joe
 
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