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American Airlines parent company AMR (AAMRQ.PK) asks a bankruptcy court in a court filing for...

American Airlines parent company AMR (AAMRQ.PK) asks a bankruptcy court in a court filing for permission to borrow up to $1.5B in order to refinance current debt. The carrier says it will secure the debt with its fleet of aircraft.
Comments (1)
  • Who in their right mind would lend them any money if they are not paying on their existing debt? The court should force them to make their existing loans current - if they can't make the payment sell all the planes and give us back as much of the money as they can.
    11 Oct 2012, 07:10 AM Reply Like
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