US Airways Greets AMR Merger Exploration With Open Arms

Law360, New York (May 11, 2012, 9:58 PM EDT) -- 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...
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