AMR Expected To Stay On Track With Pre-Chapter 11 Plan
Credit: Eric Simonsen
It is hardly the first time an airline has sought protection under U.S. bankruptcy law in order to formulate—or at least fine-tune—a new business plan. Some carriers are even recidivists in bankruptcy court. But AMR Corp. had striven proudly to restructure its high cost base on its own. Now that it...
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