Wednesday, July 11, 2012

American looking at 5 airlines for merger partner




Who is a wallflower?  According to a Chicago Trib report the bankrupt parent of American Airlines said on Tuesday it will press ahead with evaluating potential mergers and will reach out to interested parties, a move set to satisfy some creditors less than impressed with its stand-alone restructuring plan.

A source familiar with the situation said AMR sees itself as an acquirer in potential mergers and at least five airlines -- US Airways Group Inc., JetBlue Airways Corp, Alaska Air Group, Republic Airways' Frontier Airlines, and Virgin America -- will be considered.  Any merger proposals would be weighed against the standalone restructuring plan being developed, the source added….

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