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American Airlines finally enters bankruptcy proceedings

American Airlines finally enters bankruptcy proceedings

29 November 2011 Airline News

AMR Corporation, parent company to American Airlines, has filed for Chapter 11 bankruptcy protection in the United States as it seeks to return to profitability. AMR, which also operates American Eagle, took the decision after the failure of the latest round of cost-cutting labour negotiations and is the last of the major American carriers to seek such protection.

AMR Corp continues with American Eagle spin-off

AMR Corp continues with American Eagle spin-off

12 August 2011 Airline News

AMR Corp has taken the next step in spinning off subsidiary American Eagle into a separate company. The parent of American Airlines issued a Form 10 filing earlier, providing an overview of Eagle’s business, management and its ongoing relationship with American Airlines as it prepares for the move. 

American Eagle pilots reach deal ahead of future spin-off

American Eagle pilots reach deal ahead of future spin-off

21 July 2011 Airline News

Pilots at American Eagle have reached a deal with employers designed to ensure job security should the carrier be spun off into a separate entity by owner AMR Corporation. AMR yesterday confirmed the carrier – which ferries passengers to American Airlines hub airports – could be spun off in order to allow it to grow and become more competitive.

American eyes Eagle spin-off

American eyes Eagle spin-off

14 April 2011 Airline News

American Airlines is close to spinning off its regional subsidiary, American Eagle, as part of a cost-cutting programme. It has been trying to offload Eagle since 2007 but shelved the plans due to the global downturn.

Mexicana seeks to resume flights in December

Mexicana seeks to resume flights in December

29 September 2010 Airline News

Compania Mexicana de Aviación SA is considering plans to shed half its workforce as it seeks to return to the skies in December. A new, leaner, airline would fly just 30 aircraft on 23 routes, six of them domestic and 17 international, mostly to the US and Canada, officials have revealed.