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Home > Bankruptcy News

Bankruptcy News Nov 2011

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American Airlines files for bankruptcy protection
American Airlines' parent company AMR filed for bankruptcy protection Tuesday, as the troubled firm tried to put its finances in order while keeping planes in the sky and passengers in seats. (Tue, 29 Nov 2011 11:49:03 -0800)

Bankruptcy at American Airlines: Why It Won't Affect Holiday Travel
Bankruptcy at American Airlines: Why It Won't Affect Holiday Travel (Tue, 29 Nov 2011 12:59:58 -0800)

US airport bonds eyed in American Airlines bankruptcy
CHICAGO (Reuters) - The move by American Airlines to seek bankruptcy protection on Tuesday raised concerns over billions of dollars of tax-exempt debt, particularly issued by airports where the carrier has a big presence. Kurt Krummenacker, an airport analyst at Moody's Investors Service, said Chicago's O'Hare, Dallas/Fort Worth and Miami airports will be particularly watched to see if American ... (Tue, 29 Nov 2011 13:49:16 -0800)

AMR: What does Chapter 11 bankruptcy mean for American Airlines fliers?
American Airlines' parent corporation filed for Chapter 11 bankruptcy proceedings Tuesday, while simultaneously assuring the flying public that things will be "business as usual" while the company restructures. (Tue, 29 Nov 2011 14:34:02 -0800)

U.S. airport bonds eyed in American Airlines bankruptcy
CHICAGO (Reuters) - The move by American Airlines to seek bankruptcy protection on Tuesday raised concerns over billions of dollars of tax-exempt debt, particularly issued by airports where the carrier has a big presence. Kurt Krummenacker, an airport analyst at Moody's Investors Service, said Chicago's O'Hare, Dallas/Fort Worth and Miami airports will be particularly watched to see if American ... (Tue, 29 Nov 2011 15:56:09 -0800)

U.S. airport bonds eyed in American Airlines bankruptcy
CHICAGO (Reuters) - The move by American Airlines to seek bankruptcy protection on Tuesday raised concerns over billions of dollars of tax-exempt debt, particularly issued by airports where the carrier has a big presence. Kurt Krummenacker, an airport analyst at Moody's Investors Service, said Chicago's O'Hare, Dallas/Fort Worth and Miami airports will be particularly watched to see if American ... (Tue, 29 Nov 2011 17:39:08 -0800)

American Airlines draws new bankruptcy judge in NY
(Reuters) - American Airlines, its unionized employees and other creditors may be headed into what could be a lengthy, contentious bankruptcy in front of a new judge with an unknown track record. Judge Sean Lane, who was sworn in as a bankruptcy judge in September 2010, will oversee the bankruptcy. The company filed for Chapter 11 on Tuesday, saying it needed to cut costs amid high fuel costs ... (Tue, 29 Nov 2011 17:39:08 -0800)

American Airlines files for bankruptcy
(Reuters) - American Airlines filed for bankruptcy protection on Tuesday to cut labor costs in the face of high fuel prices and dampened travel demand, capping a prolonged descent for what was once the largest U.S. carrier. AMR Corp, the parent of American Airlines, also filed for bankruptcy and replaced its chief executive. The company, which employs about 88,000, has been mired for years in ... (Tue, 29 Nov 2011 19:20:05 -0800)

Analysis: AMR bankruptcy clouds Boeing jet order
(Reuters) - Boeing could be at a disadvantage to Airbus because the bankruptcy of AMR Corp , the parent of American Airlines, places up to $40 billion of jet orders at the mercy of a U.S. bankruptcy court, lawyers and bankruptcy experts said. It faces a lengthy await for confirmation of a key order for 100 of its latest type of jet, a fuel-efficient version of its best-selling 737, hampering ... (Tue, 29 Nov 2011 20:46:25 -0800)

Boeing sees AMR bankruptcy as positive long-term
(Reuters) - American Airlines' bankruptcy restructuring should make the carrier more profitable and able to purchase more aircraft, the head of Boeing Co's commercial airplane division said on Wednesday. Speaking at a Credit Suisse aerospace and defense conference in New York, Jim Albaugh said the bankruptcy filing by the AMR Corp unit would give the carrier long-term stability. But in the short ... (Wed, 30 Nov 2011 06:44:39 -0800)

American Airlines CH11 Bankruptcy Filing was Inevitable
Commentary | American Airlines (AA) Ch11 bankruptcy filing had to come, sooner than later. Rather than wait for the inevitable, over 400 American pilots alone chose early retirement between June and October this year and preserving retirement pay over one that will likely be imposed by the Pension Guarantee Corporation in bankruptcy court. (Wed, 30 Nov 2011 09:07:00 -0800)

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