The AMR bankruptcy clouds the potential American Boeing 737 orders

November 30, 2011 — American Airlines

American Airlines Boeing 737-823 WL N814NN (msn 29562) LAX (Michael B. Ing), originally uploaded by Airliners Gallery.

AMR Corporation’s (Dallas/Fort Worth) Chapter 11 bankruptcy protection and reorganization filing yesterday is clouding American Airlines’ large aircraft orders with both Airbus and especially Boeing which is still not firm.

The bankruptcy court can approve or reject any contracts that involve spending AMR’s money during the up to 18-month Chapter 11 reorganization period.

Read the full report from Reuters: CLICK HERE

In other news, AMR and American Airlines announced today Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern District of New York yesterday granted approval of a series of first day motions filed by the Company to help facilitate American’s and American Eagle’s continued normal business operations throughout the reorganization process.

The Company also reported that, as expected, American and American Eagle continued normal operations yesterday, with flights, reservations, baggage handling, customer service and other functions operating as usual.

Copyright Photo: Michael B. Ing. Please click on the photo for additional information.

American Slide Show: CLICK HERE

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