American Eagle Spin Off?

Feb 15 2011 American Eagle Spin Off? BY sgf-admin TAGS American

 

AMR Corporation, which is the parent company of American Airlines and American Eagle Airlines, may be close to divesting American Eagle. That's according to Bloomberg News, quoting a pilot's union official.

Any news about Eagle catches our attention because it provides us with service to Chicago and Dallas/Ft. Worth. AMR has talked about selling Eagle for several years due to the high cost of running the commuter airline.

Bloomberg reports, "Unloading Eagle would let Fort Worth, Texas-based American seek cheaper ways to fly regional routes. A spinoff, public offering, leveraged buyout and sale to a private-equity buyer were among the possibilities under review..."

 

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