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August 31, 2012

American says "other parties" have also signed non-disclosure agreements

In a note sent to employees on Friday, American Airlines said "other parties" aside from US Airways have signed non-disclosure agreements with the carrier to exchange information.

"As part of the process, other parties have also signed confidentiality agreements, which permit for the confidential exchange of information and discussion between American and those parties. The company will move through this evaluation process toward the goals Tom Horton has already stated: to create the highest value for our creditors and the best outcome for our people," the note said.

The Fort Worth-based carrier would not disclose who the "other parties" are although in a July meeting with its unsecured creditors committee, American outlined merger scenarios with US Airways, JetBlue Airways, Virgin America, Frontier Airlines and Alaska Airlines.

American chief executive Tom Horton has said he is open to a merger possibility if it creates more value for the stakeholders of the carrier than a stand-alone restructuring plan.

Read more here: http://blogs.star-telegram.com/sky_talk/2012/07/who-should-american-dance-with.html#storylink=cpAmerican announced a few months ago that it was open to possibly merging with another carrier if it created more value for stakeholders than a stand-alone restructuring plan. The carrier sent non-disclosure agreements to JetBlue Airways, Alaska Airlines, Frontier Airlines, Virgin America and US Airways at the end of July.
-Andrea Ahles


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