Delta, US Airways assessing bid for American Airlines

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Delta, US Airways assessing bid for American Airlines

Postby Greg on Thu Jan 12, 2012 3:51 pm

Delta Air Lines Inc., US Airways Group Inc. and private-equity firm TPG Capital are separately assessing possible bids for American Airlines parent AMR Corp., with hopes that AMR's troubles present another opportunity for airline consolidation, people familiar with the matter said.

AMR filed for bankruptcy-court protection in late November, and is in the process of restructuring its debt and cutting labor costs.

Any bid for AMR likely would come several months from now. AMR could use the bankruptcy process to shed a trove of obligations that a buyer might be hesitant to assume.

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Re: Delta, US Airways assessing bid for American Airlines

Postby captmidnight on Tue Jan 17, 2012 2:59 pm

US Airways maybe, but hopefully not Delta
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