Daily News: January 16, 2012

Reuters: US Airways, Delta Plan Bids for American


Reuters reported, citing people who have knowledge of the situation, that the bankrupt parent of American Airlines has ignited bidding concentration by US Airways, Delta Air Lines and private equity firm TPG Capital.

But an agreement most likely would wait until AMR nears the conclusion of its court restructuring, a procedure that could take a year as a minimum, Reuters said. AMR filed for Chapter 11 bankruptcy protection in November.

Previously on abfjournal.com:

NYSE to Delist American Airlines’ Parent Company, Friday, December 30, 2011

American Airlines Gets Court Order Enabling Continued Operations, Wednesday, November 30, 2011