US Airway

A Few Airline Updates

USAirways announces it’s now a creditor of American Airlines’ parent AMR. Talk about a tale of two articles.  The first one makes it sound like US Airways might change it’s “support” of AMR in the bankruptcy process if it doesn’t consider a merger.  The second one contends that the piece is so small ($1MM in bonds) that it entitles US Airways to no special part of the process. Based on the sheer amount of debt AMR has, I believe the second article is correct.  US Airways isn’t going to get any special […]