AMR (AAMRQ.PK) is in talks to receive $1B-$2B in equity financing from a group of distressed...

|By:, SA News Editor

AMR (AAMRQ.PK) is in talks to receive $1B-$2B in equity financing from a group of distressed debt funds that includes JPMorgan Securities (JPM) and which holds over $600M in the carrier's bonds. The money would help AMR exit bankruptcy protection and put it in a stronger position as it negotiates a potential merger with US Airways (LCC).