AMR Proposes Notes Sale

FORT WORTH, Texas - AMR Corp. (NYSE: AMR), the parent company of American Airlines, Inc., today announced its intention to sell, subject to market and other conditions, $250 million issue price of convertible notes due 2023, to qualified institutional buyers in a private placement pursuant to Rule 144A under the Securities Act of 1933 (the “Securities Act”). The initial purchasers are expected to have an option to purchase an additional $50 million issue price of the notes.

AMR said the notes are to be guaranteed by American Airlines, Inc. AMR plans to use the net proceeds from the offering for working capital and general corporate purposes.

This announcement is neither an offer to sell nor a solicitation to buy any of these notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

The notes being offered and the common stock issuable upon conversion of the notes have not been registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws.
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