American CEO says Chapter 11 to be 'complex,' warns of takeover attempts
Posted 19/12/2011
Even though American Airlines (AA) is in a relatively strong position for a bankrupt airline—with $4.1 billion in cash on hand, more than $6 billion in revenue generated quarterly and an expansive network underpinned by oneworld membership and other international partnerships—chairman, president and CEO Tom Horton acknowledged last week that the Chapter 11 process will be "complex."
Originally published 18 Dec 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/tdMXPu7GH7M/american-ceo-says-chapter-11-be-complex-warns-takeover-attempts-1217
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