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Major Changes Planned For AMR's Fleet
AMR Corp.’s fleet is due for a substantial overhaul now that the company’s American Airlines and American Eagle Airlines divisions are under Chapter 11 bankruptcy protection. Fleet plans had already been initiated by AMR, with a major narrowbody upgrade program using both Airbus and Boeing aircraft announced in July and a suspended divestiture of Eagle reducing that airline’s regional jet operations over the next decade. But with yesterday’s filing in the U.S. Bankruptcy Court for the Southern… (www.aviationweek.com) Más...Sort type: [Top] [Newest]
Ken, I sincerely hope you are correct and AA stays away from other Majors.
If Ch 11 is a success there should be no need for outsiders.
If Ch 11 is a success there should be no need for outsiders.
So, who will AA merge with? LAS is taking bets.
I may be wrong, and I am sure there will be rumors, but I don't think there will be any serious overtures until after the bankruptcy is a done deal and that is apt to be a year and a half at best. Everybody else out there, as far as domestic carriers, is about in the same shape. I really can't understand the logic behind the DAL-NWA merger yet and from what I am hearing, some are regretting it.
I bet some Chinese or Indian Billionaire will buy AA to impress his friends. They do things like that a lot these days.
Word is that AA maybe pull out of the O'Hare Hub - market ?
Well, in their filing, they said that was one they would be concentrating on, so who knows?
No chance...profitable international service from there and modern AmEagle fleet. Five points on the domestic to international pentagon are JFK, DFW, LAX, ORD, MIA plus San Juan, I suspect will likely be safe. San Jose has already cranked down. Possible Gate sale at LGA or complete turn over of the LGA regional operation to a new owner in exchange for cash and a transfer agreement seems more likely and prevents the need for recapitalizing the AE operation.
Hopefully, AMR will find a way to dump their union contracts so that the company can slash labor costs. AA is suffering from legacy carrier pension and benefit packages that are unsustainable.