American Airlines' parent company, AMR Corp., announced Tuesday that it has filed for chapter 11 bankruptcy.
AMR said American Airlines, American Eagle and all other subsidiaries will honor all tickets and reservations and operate normal flight schedules during the bankruptcy filing process, using its $4.1 billion in cash.
The airline also announced that Gerard Arpey, its chairman and CEO, is retiring. He is being succeeded by Thomas Horton, who was named president of the company in July 2010.
Source : CNN Money
Other related news :
1. American Airlines files for bankruptcy - cbsnews
2. Video : American Airlines Parent AMR Files for Bankruptcy
3. American Airlines says it files for bankruptcy protection - The Economic Times
4. American Airlines files for bankruptcy protection - The Bottom Line
5. Ch. 11 Gives American Airlines Time to Cut Costs, Debt
No comments:
Post a Comment