Breaking News Bar
posted: 8/11/2011 7:21 AM

AMR moves closer to Eagle spinoff

hello
Success - Article sent! close
  • 1 file photo, an American Eagle jet taxis at Boston's Logan International Airport. The parent company of American Airlines says it will spin off its regional carrier American Eagle into a separate publicly-traded company.

      1 file photo, an American Eagle jet taxis at Boston's Logan International Airport. The parent company of American Airlines says it will spin off its regional carrier American Eagle into a separate publicly-traded company.
    Associated Press

 
Associated Press

DALLAS -- The parent of American Airlines is one step closer to spinning off American Eagle as a separate company.

AMR Corp. said Thursday it had filed documents with the Securities and Exchange Commission that describe Eagle's financial situation and terms of the spin-off to AMR shareholders. AMR had been trying to sell Eagle.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Eagle operates shorter flights and connects passengers from secondary airports to American Airlines flights at hub airports. AMR thinks it can save money by putting that service up for bidding between Eagle and other regional airlines.

Eagle had revenue last year of $1.2 billion, a tiny part of AMR's total of $22.2 billion. AMR says Eagle would transfer jets and debt to the parent company.

Share this page
    help here