Business Services Industry
AMR Corp. Delays Sale of Affiliate.
Knight Ridder/Tribune Business News, November, 2002
By Eric Torbenson, The Dallas Morning News Knight Ridder/Tribune Business News
Nov. 23--AMR Corp., parent of American Airlines, said Friday that it will delay selling its Executive Airlines subsidiary to make a deal with its pilots union that could make such a sale unnecessary.
AMR said Nov. 7 that it had a deal to sell Executive, a part of its regional American Eagle carrier that connects passengers in Miami and San Juan, Puerto Rico.
The company said at the time that the sale would allow Eagle to keep expanding. That's because Eagle wouldn't have been able to take new regional jets next year without violating provisions in American's contract with its pilots. The contract caps Eagle's schedule expansion while American pilots are on...
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