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On 5/5/2003 11:51:29 AM AAmech wrote:
Don''t look for any big announcements. Because AA is not in Chap 11 these deals can be done in private. The Vendors and lessors are NOT going to want this stuff revealed. FYI, Before our concessions came about a friend of mine whose co. does business with AA called and asked if AA was in Chap 11. He said they had received paperwork that was very similar to Worldcoms laying out how much AA owed them and was asking how much would they accept to settle the debt. Apparently AA has been at this for quite a while now.
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Makes sense. I expect that at some point they will give some sort of progress report for the shareholders sake, even if they don/t report any hard numbers.
Don''t look for any big announcements. Because AA is not in Chap 11 these deals can be done in private. The Vendors and lessors are NOT going to want this stuff revealed. FYI, Before our concessions came about a friend of mine whose co. does business with AA called and asked if AA was in Chap 11. He said they had received paperwork that was very similar to Worldcoms laying out how much AA owed them and was asking how much would they accept to settle the debt. Apparently AA has been at this for quite a while now.