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A group of AMR (AAMRQ.PK) bondholders sitting on $1.5B in unsecured debt will back a deal for...

A group of AMR (AAMRQ.PK) bondholders sitting on $1.5B in unsecured debt will back a deal for the carrier to merger with US Airways (LCC -2.6%), according to reports. Along with yesterday's news that the Transport Workers Union will support the airliner combination, a deal is starting to look even more imminent.
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Comments (3)
  • aaretired
    , contributor
    Comments (22) | Send Message
     
    My guess, many jobs lost, shut down of a few major stations...remember PIT for USAir & STL for TWA. PHX will loose 1000's of jobs at HDQ as well as suppliers, not a good move for the consummer as well. Labor contracts will take years to sort out.
    29 Jan 2013, 12:49 PM Reply Like
  • AsicsRunner
    , contributor
    Comments (18) | Send Message
     
    The PIT problem was that the airport would not negotiate a new lease so the contracts were canceled in bankruptcy and all the hub flights went elsewhere.
    29 Jan 2013, 04:07 PM Reply Like
  • AsicsRunner
    , contributor
    Comments (18) | Send Message
     
    My prediction is that Ft. Worth will lose a lot of jobs, as well as HP, since AMR mgmt will not be in control anymore and LCC mgmt is not a fan of outsourcing.
    29 Jan 2013, 04:07 PM Reply Like
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