American Airlines files for bankruptcy

 

 

Chapter 11

 

AMR Corporation, parent company of American Airlines (“AA”) made today a voluntary filing for Chapter 11 bankruptcy reorganisation, but informed the airline will continue its operations for the time being.

 

The Guardian reports AA is the world’s fourth largest airline.  According to Sky News AA’s chairman and CEO has stepped down and Thomas Horton has been named as his replacement.

 

 

 

Filing for the Chapter 11 protection will allow AA the reorganization of the corporation under the bankruptcy laws of the United States of America, remaining in control of its business operations.

 

AA was founded in 1930 as American Airways, commencing operations in 1934.  It is headquartered in Fort Worth (Texas) where it has one of its main hubs. The airline currently flights among approximately 260 destinations around the world (excluding Africa).

 

Bankrupt 

What can I do if I hold an American Airlines ticket already bought and paid for?

 

You need to visit this link for further official information, however AA claims they will continue to operate the regular schedule of flights and no immediate changes to the service as a result of the Chapter 11 filing.

 

 

November 29th, 2011.

 

TRC

 

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