Back to Squawk list
  • 15

AMR Risks Losing Control of Bankruptcy Exit

提交时间:
 
American Airlines parent AMR Corp (AAMRQ). risks losing control of its ability to exit bankruptcy as an independent carrier after three possible suitors emerged within two months of its Chapter 11 filing. (www.bloomberg.com) 更多...

Sort type: [Top] [Newest]


[This poster has been suspended.]

Wingscrubber
Wingscrubber 0
Please no, not Delta!
preacher1
preacher1 0
“This could expedite some of the more difficult decisions,” Keay said in an interview from New York. “AMR is going to have to prove to its creditors that its stand-alone exit plan adds more value than a bid by a competitor, and that is likely to be difficult.”
If left alone, the fact that AMR was not cash strapped going in as were the other legacy's, AMR will probably emerge leaner&strong. That being said, creditor and investor greed will not give one tinkers damn about the people or what is best for AA.All they will be concerned about are their own $. None of the suitors named have made an offer yet, they are just assessing making one, meaning they might or might not. TPG would have 2 options: either break it up and sell it piecemeal OR follow on through with AMR's plan and help make it work. I really think US Air is too weak although they already have a strong relationship with MESA, which could be a springboard for getting rid of Eagle. While DAL is financially sound enough to do it, the fact that they are still dealing with the NWA thing is a problem. It has taken them 2-3 years on the NWA deal and they are nowhere near done, on labor or schedule integration. To take on the absorbtion of the 3rd largest airline in the country will really be somethig to watch if it should happen. However it goes, I think Eagle will be a casualty, the routes being replaced with contract, and their maintenance, at least Tulsa, will be farmed out.
chalet
chalet 0
Wayne I am all with your comments except for the second option that TGP has "follow through with AMRs´plan and make it work". How would this hedge fund, or private equity firm or whatever they are, help AMR to resolve its situation, are you implying that they would become a sizeable stockholder. To me they are aiming at a carve and sell AA piecemeal.
preacher1
preacher1 0
Well, that is the 64$ question, what will they do.What you say is 1 option and to me as well, the most likely. They have been in some Airline buys in the past, albeit partnerships. I think they had CO some years back and Republic. They didn't come out too bad on the CO deal as they weren't a managing partner, but they lost their shirt on the Republic deal as owner, which is why it surprises me that they are even looking at another airline deal. That being said, however structured, the stockholder thing or some form of ownership might work, if they saw merit in AMR's reorganization plan
HBFlyer
HBFlyer 0
What ever happens I just hope I can keep my Platinum status and my miles...
indy2001
indy2001 0
Didn't we read this same conjecture last week? ALL companies that file for bankruptcy "risk losing control" of their ultimate fate. This just proves that, even in bankruptcy, AAL is a strong company.
preacher1
preacher1 0
Something very similar. At that time, US Airways was only out there in conjecture as a merger partner, post bankruptcy. Now, according to the article, they are formally assessing an offer. None of the conjecture last week, that I remember, was talking of an offer being pre-bankruptcy as this article is, although in hindsight, any would just about have to be. If AMR can go through with it's plan, it should be strong enough to stand alone or maybe find a good dance partner because it wants to rather than has to.
chicoaggie
Tim Smith 0
I hope they can make it through as a stand alone. And I hope Eagle does as well....because I would like to count on them for a job in the next few months!
preacher1
preacher1 0
Though they haven't announced it, I personally think Eagle is gone to be replaced with contracts. My bet's on Mesa
kenish
kenish 0
I realize it's just a headline, but AMR "handed over the yoke" when they declared BK. The court controls AMRs fate...AMRs board, executive staff, unions, employees, etc. have "input" but ultimately not control.

登录

还没有帐户吗? 现在就注册(免费),设置诸多自定义功能、航班提醒等等!
本网站使用cookie。您使用并继续浏览本网站,即表示您接受这一点。
退出
您知道FlightAware航班跟踪是由广告支持吗?
通过允许展示来自FlightAware.com的广告,您可以帮助我们使FlightAware保持免费。我们努力使我们的广告保持相关性,同时不显突兀,以创造一流的体验。在FlightAware上将广告加入白名单快捷而简单,或者请您考虑选择我们的高级帐户.
退出