AMR to write down 757 domestic fleet following asset useful life evaluation

Victoria
By Victoria January 24, 2012 15:15

AMR to write down 757 domestic fleet following asset useful life evaluation

American Airlines parent AMR Corp. has concluded that the carrying value of the 757 aircraft flown on domestic routes is no longer recoverable and will necessitate a noncash charge of $713 million to write down these assets to their estimated fair values.
The bankruptcy judge overseeing AMR’s reorganization is allowing AMR to continue to accept delivery of new 737s, subject to certain limitations.

Victoria
By Victoria January 24, 2012 15:15
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