Law360, New York (May 11, 2012, 9:58 PM ET) -- Bankrupt American Airlines Inc. parent AMR Corp. announced Friday that it's agreed to work with the unsecured creditors' committee in its Chapter 11 proceedings to evaluate possible merger scenarios — a decision welcomed by potential suitor US Airways Group Inc.
AMR stressed in a Friday statement that the agreement with the creditors' group doesn't mean that it's committed to pursue a transaction of any kind.
“To be clear, American has committed to work in collaboration with the committee to develop only potential consolidation scenarios, and this...
US Airways Greets AMR Merger Exploration With Open Arms
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