Republican Senator Kay Bailey Hutchison released a statement last week calling on all airlines to give American Airlines “an opportunity to complete the bankruptcy reorganization process” rather preparing for a takeover. US Airways is reported to be liaising with American’s creditors for a possible hostile takeover of the bankrupt airline. Hutchison said of American’s bankruptcy: “Completing this essential step is in the best interests of American’s employees, creditors, and the communities served by American Airlines. Any merger discussions can occur when the bankruptcy court has cleared the process by which American can emerge from court supervision.”
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.