TITLE

American, Unions Reach Agreement; Airline Hopes to Save $1.8B Annually

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/1/2003, Vol. 344 Issue 31605, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
American Airlines Inc. may have stayed off a bankruptcy that would be filed after signing tentative agreements with four airlines unions. The deal with the Allied Pilots Association had not been finalized. If a contract could not be negotiated to meet the airline's demands, a bankruptcy still could be filed. The airline is working to line up $1.5 billion of debtor-in-possession financing with Citibank, J.P. Morgan Chase Bank, CIT Group, and Merrill Lynch & Co.
ACCESSION #
9504485

 

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