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AMR Corp. gives up sale of AMR Investments

Forth Worth, USA - Their economic situation improved

AMR Corp., parent of American Airlines, has cancelled the sale of its asset management subsidiary, saying it doesn't need the cash anymore. The profitable unit was put on sale last October, when AMR was almost on the edge of bankruptcy. However, AMR's new leaders, the executive Chairman, Edward Brennan, and Chief Executive Officer Gerard Arpey, decided to give up this plan, according to the statement...

AVIONEWS - World Aeronautical Press Agency - 53380

AVIONEWS - World Aeronautical Press Agency
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