No Impact Expected on Orders Due to AMR Bankruptcy (AMR, BA, EADSY)
The bankruptcy filing of AMR Corp. (NYSE: AMR), parent of American and American Eagle Airlines is not expected to have any impact on the company’s recent orders for 200 new aircraft from Boeing Co. (NYSE: BA) and 260 new planes…
The bankruptcy filing of AMR Corp. (NYSE: AMR), parent of American and American Eagle Airlines is not expected to have any impact on the company’s recent orders for 200 new aircraft from Boeing Co. (NYSE: BA) and 260 new planes for European Aeronautic Defense and Space Co. (OTC: EADSY), makers of the Airbus family of planes.
Airlines analysts expect the orders to be fulfilled although some delay is possible. American and American Eagle are both expected to continue operations at current levels. The bankruptcy filing is primarily due to the company’s failure to reach labor agreements with its unions.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
