M&A is back. Last week witnessed the return of some rather large deals including the $11b US Airways (LCC) takeover of AMR (AAMRQ), parent of American Airlines. The deal is expected to close later this year and you can click here for more details on the transaction. One of the many issues which remain to be sorted out… Read More »
It took AMR (AAMRQ) years to give up on selling American Eagle, its regional air unit, and decide to spin it off to shareholders. Unfortunately, soon thereafter, the company voluntarily entered bankruptcy. Talk about bad timing. Throughout the process though, and most recently earlier this month, American Eagle CEO Dan Garton has reiterated that he expects American Eagle to be spun… Read More »
In case you have forgotten, before AMR Corporation (AAMRQ) – American Airline’s parent company – entered into Chapter 11 bankruptcy, the company was planning on spinning off its regional airline American Eagle. The spinoff idea emerged after AMR couldn’t find a buyer for the troubled airline which was suffering from many maladies including being saddled with too many… Read More »