Analyst: Pace of AMR restructuring plan could cost independence

01/19/2012 | Bloomberg

The slow pace of American Airlines parent AMR Corp.'s restructuring plan to exit bankruptcy may cost it its independence as creditors look to suitors Delta Air Lines, US Airways or TPG Capital to make more valuable bids, this feature says. AMR still has yet to take on one of the most important and difficult parts of restructuring, the renegotiation of its labor contracts. "AMR is going to have to prove to its creditors that its stand-alone exit plan adds more value than a bid by a competitor, and that is likely to be difficult," said Wolfe Trahan & Co. analyst Hunter Keay.

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