AMR, parent of American Airlines, bowed to pressure on Friday from its unsecured creditors, including its largest unions, and said it would explore merger options while it is still in bankruptcy.
AMR, which has been in Chapter 11 since November, had long said it intended to emerge as a stand-alone carrier, shrugging off interest expressed by rival US Airways. The airline, however, has faced mounting pressure from vocal members of its creditors committee who believe a better future for AMR can be secured by merging with US Airways.
In reversing its stance, AMR said it wanted to assure stakeholders that it would pursue the best possible outcome for the airline. Full Story - AIR Wise
Full Story - AIR Wise