The chief executive of International Airlines Group, the parent company of British Airways and Iberia, says American Airlines' reorganization will boost the oneworld alliance. "Anybody who pursues restructuring does it to make themselves better and more competitive," Willie Walsh said. Tom Horton, head of AMR Corp., the parent company of American, said the "company's restructuring 'is not about shrinkage,' but is focused on 'renewal and growth,' The Wall Street Journal says. Separately AMR reiterated its position in favor of allowing bankruptcy court to oversee labor talks, while three unions argue that the National Mediation Board has authority over contract negotiations that began before AMR's bankruptcy filing.
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