American, US Airways make pitches to AMR creditors - 13 WTHR Indianapolis

American, US Airways make pitches to AMR creditors

Posted: Updated:
DALLAS -

The CEO of American Airlines parent AMR Corp. has said that if his airline merges with US Airways, AMR creditors should get most of the new airline's stock.

That's according to people familiar with the situation.

One of the people, who spoke on condition of anonymity because the companies have signed a confidentiality agreement, said AMR CEO Thomas Horton has said that AMR creditors should get considerably more stock in a combined airline than US Airways has so far proposed.

Horton made the comment during a meeting with a committee that represents creditors in AMR's bankruptcy case. Two people familiar with the discussions said US Airways Group Inc. officials spoke to the committee on Tuesday.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow
Links to the FCC website to view WTHR and/or WALV’s on-line public inspection files:
WTHR: https://stations.fcc.gov/station-profile/WTHR   ||   WALV: https://stations.fcc.gov/station-profile/WALV
Individuals with disabilities may contact Jill Pursell at publicfile@wthr.com, or 317.655.5602, for assistance with access to the public inspection files.
Powered by WorldNowAll content © Copyright 2000 - 2013 WorldNow and WTHR. For more information on this site, please read our Privacy Policy and Terms of Service.