It appears that businesses are not filing bankruptcy at a pace that was predicted earlier this year, after Kodak and Hostess filed their bankruptcy cases, and following AMR‘s fourth quarter filing in 2011. See Where Are the Tidal Waves of Chapter 11 Bankruptcies and Where Are the Bankruptcy Filings (Part II). Indeed, in May 2012, the American […]
Read MoreOn July 12, 2012, US Airways announced to the Associated Press that it is now a creditor of AMR. US Airways spokesman, John McDonald, said his airline paid $600,000 for AMR bonds with a face value of $1 million. While purchasing a claim does qualify US Airways as a party in interest, with a right to be […]
Read MoreJuly 12 – Dallas. KRLD Radio was interested in American Airline‘s recent announcement that it would start considering merger options with several other airlines; not just US Airways. A portion of the interview is attached to this link: KRLD Interview. Related articles Now American Airlines says it will consider merger (bizjournals.com) Bankrupt American Airlines May […]
Read MoreAMR Corporation, the parent of American Airlines, has sought court permission to reduce retiree health benefits and impose out-of-pocket costs for access to certain other health coverage. The Airline announced that it would discontinue retiree life insurance and would end medical coverage for those over the age of 65. The over-65 group would, instead, have […]
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