It’s been a long wait for lovebirds American Airlines and US Airways, and we’re basically at the point where the betrothed couple is standing up in front of friends and family, waiting to see if anyone will heed the call of the officiant asking if there’s any reason these two shouldn’t be wed. Enter the United States Justice Department, arriving at the ceremony in a way more timely manner than [SPOILER ALERT] Dustin Hoffman in The Graduate but still just as opposed to the nuptials. [More]
U.S. Airways CEO Doug Parker recently showed his company’s hand a bit, admitting that merging with American Airlines’ parent, AMR Corp “represents a unique opportunity that we should not ignore.” And now it may have a potential wingman interested in joining its pursuit of hooking up, private equity firm TPG Capital.
As American Airlines parent company AMR tries to sort itself out during bankruptcy proceedings, there are already a few vultures circling it. A report says Delta Air Lines and U.S. Airways are considering buying AMR, along with a buyout firm called TPG Capital.
When a company files for bankruptcy, some interesting things can come up in the listing of assets. Like say, a London townhouse that could be worth up to $30 million — which was listed in American Airlines’ recent Chapter 11 bankruptcy filing.