American Airlines will have its house in order — or be owned — by the end of the year
Skift Take
If its creditors have any say in the matter, American's years of dirty dealing with its unions is going to end up forcing it to sell to an airline that's charmed its labor groups. Insert something about karma here.
The fate of American Airlines could be resolved by the end of the year.
The airline's unsecured creditors committee said Friday that it expects AMR Corp. to complete its process of weighing a stand-alone evaluation against a possible merger by the end of the year, according to a bankruptcy court filing made Friday.
"The committee expects that this process will be completed during the current calendar year and that the committee should be in a position to support the debtor's filing of a plan of reorganization after the company and the committee have agreed on an emergence path," the filing said.
Also Friday, AMR's chief executive, Tom Horton, said that the carrier is moving "into the last phase of our restructuring." In a letter to managers and support staff, Horton thanked them for their hard work while the parent company of American has made its way through the bankruptcy process.
"While the changes are necessary to our ability to operate
