American Airlines AMR files for bankruptcy protection – chapter 11

Written by Your VIPTRIP Team on November 29th, 2011

29 November 2011
American Airlines (AMR) files for bankruptcy protection
American Airlines, Inc. through its website announced that its parent company, AMR Corporation, and certain United States-based subsidiaries today voluntarily filed for Chapter 11 reorganization under United States law. American took this action in order to achieve a cost and debt structure that is competitive in the airline industry so that it can continue delivering a world-class travel experience for its customers.

American expects to continue normal business operations throughout the reorganization process, and the business will continue to be operated by the Company’s management. The United States Chapter 11 reorganization process enables a company to maintain normal business operations while it establishes a competitive cost and debt structure. This action has no direct legal impact on any American Airlines operations outside the United States.

American Airlines is operating normal flight schedules, honoring tickets and reservations as usual, and making normal refunds and exchanges. American’s AAdvantage® frequent flyer program is not affected. American remains part of the oneworld® alliance, of which it is a founding member, and all of its codeshare partnerships continue, enabling customers to earn and redeem miles on convenient flight options worldwide.

 

29NOV2011> ViPTRiP insolvency protection policies no longer available for American Airlines tickets

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