M&A is back. Last week witnessed the return of some rather large deals including the $11b US Airways (LCC) takeover of AMR (AAMRQ), parent of American Airlines. The deal is expected to close later this year and you can click here for more details on the transaction. One of the many issues which remain...
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It took AMR (AAMRQ) years to give up on selling American Eagle, its regional air unit, and decide to spin it off to shareholders. Unfortunately, soon thereafter, the company voluntarily entered bankruptcy. Talk about bad timing. Throughout the process though, and most recently earlier this month, American Eagle CEO Dan Garton has reiterated that he expects American...
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In case you have forgotten, before AMR Corporation (AAMRQ) – American Airline’s parent company – entered into Chapter 11 bankruptcy, the company was planning on spinning off its regional airline American Eagle. The spinoff idea emerged after AMR couldn’t find a buyer for the troubled airline which was suffering from many maladies including being...
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Another day, another spin goes by the wayside. The big news yesterday was the AMR Corporation (AMR and parent corporation of American Airlines) filing for Chapter 11 reorganization in what will be the second largest airline bankruptcy since 1980. A lot has been written about this situation already, but it is worth mentioning here...
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The old rumor mill got another one right. AMR Corporation (AMR), American Airline’s (‘AA’) parent company, recently announced its intention to move ahead with a spinoff of American Eagle, its short-haul regional carrier. Eagle, the US’s third largest regional airline (at least based on aircraft operated – it’s fourth in fare-paying passengers), generates revenues...
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