The airline is currently focused on shedding costs and liabilities and has no desire to be acquired by a rival such as US Airways or Delta, people close to the company said. But just because you’re building the battleship, doesn’t mean you’re going to succeed,” said one of the sources.ĪMR Chief Executive Tom Horton, who has long insisted the company is focused on thriving as a stand-alone carrier, said last month that “opportunists” could attempt a merger with AMR as it restructures. “Everyone’s positioning themselves for when American Airlines does emerge from bankruptcy and everyone’s covering their options. Instead, with no shortage of courtship from would-be suitors, American Airlines can probably afford to choose a partner of its own liking if it concludes it needs one at the end of the restructuring process, the sources said. That makes it difficult for anyone to attempt a merger without AMR’s blessing. Unwelcome bidding has little chance of success under bankruptcy law that grants AMR exclusive rights to submit a reorganization plan for up to 18 months. US Airways Group LCC.N, Delta Airlines DAL.N and private equity firm TPG Capital TPG.UL are all exploring a potential deal, according to people familiar with the matter.īritish Airways, meanwhile, is keen to protect its partnership with AMR in the international oneworld airline alliance and would be open to making a minority investment if needed to solidify that relationship, separate sources said. American Eagle planes sit at their gate at O'Hare International airport in Chicago November 29, 2011.
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