American Eagle Spin Off?

Feb 15 2011 American Eagle Spin Off? BY 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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