AMR Seeks $785M In Financing Secured By Aircraft

Law360, New York (October 03, 2013, 5:35 PM ET) -- AMR Corp. on Wednesday asked a bankruptcy judge to sign off on $785 million in new financing that would be secured by the carrier’s aircraft, boost its liquidity and provide funding for general corporate purposes.

The American Airlines Inc. parent, which is still mired in litigation preventing it from moving ahead with its planned merger with US Airways Group Inc., wants to issue new bonds that would be secured by 75 separate aircraft, according to court papers.

AMR is looking to take advantage of historically low...
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