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


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).

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Comments (4)
  • TwistTie
    , contributor
    Comments (2429) | Send Message
     
    Is this good news for investors of any ilk?

     

    If so, how so?
    30 Aug 2012, 11:50 AM Reply Like
  • braniff1
    , contributor
    Comments (11) | Send Message
     
    i do not believe any investment house would go out on the limb for 2b to help american...unless they had it in writing and written in blood, that once money received, merger is on...
    31 Aug 2012, 03:46 AM Reply Like
  • braniff1
    , contributor
    Comments (11) | Send Message
     
    so you think that investment firms will give aa 2b, betcha that they require aa to sign agreement that they will merge with lcc...no fool company is going out on limb and give up 2b without something written in blood...
    31 Aug 2012, 03:46 AM Reply Like
  • braniff1
    , contributor
    Comments (11) | Send Message
     
    retired airline emp...16 yrs braniff, 1@arrow..1@airone..1@n... 2@piedmont...and the balance with lcc....for a total of 36 yrs..and the one i received a retirement from is lcc...for what its worth i believe that aa knows that for them to survive and be fruitful aa needs this merger, problem is tom horton ego is in the way of this deal..employees on both sides need to talk this up, there is strenght in numbers, and i want to go back to s.a. for a vacation, brazil has a nice ring...lastly, some of the airlines i worked for twice....i counted up the carriers i worked for over 35 years and it comes out to thirteen...one i left off was southern. i remember landing someplace in ms. and saw cows munching a short distance from the runway...they did have cowmuffs on..this is more than i told my spouse so i hope this satisfies the monitor..
    31 Aug 2012, 03:50 AM Reply Like
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