In a note sent to American Airlines managers on Friday afternoon, the Fort Worth-based carrier said it has sent out non-disclosure agreements to potential merger partners, including US Airways.
"As we move forward, it is our expectation that this process will be concluded confidentially so that all parties can protect their proprietary information and data," the carrier said.
Keep reading for the full message.
For All AA Managers
As Tom Horton recently said, with the clarity we’ve gained on our revenue outlook and cost structure, and progress made on our labor contracts, it makes sense to now objectively look at a range of strategic options that could make the new American even stronger. As part of that process, the company has begun sending non-disclosure agreements to interested parties.
· As we have said previously, parties interested in our process to examine the full range of strategic alternatives will receive and be asked to sign an agreement governing the confidential exchange of information about our company.
· We developed that confidentiality agreement, known as a non-disclosure agreement, or “NDA,” in full collaboration with the creditors’ committee, to govern a fair and objective process of comparing all strategic alternatives. The agreement has been sent to US Airways for its review, and is being sent to others.
· As we move forward, it is our expectation that this process will be concluded confidentially so that all parties can protect their proprietary information and data.
· The company will move through this process toward the goals Tom Horton has already stated: the highest value for our creditors and the best outcome for our people.