Philip Baggaley News
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American Airlines is selling investment-grade debt even as it spends a 15th month in bankruptcy while bond buyers look ahead to the merger with US Airways Group Inc. that will create the world’s largest carrier.
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Doug Parker was snubbed three times as a merger partner in deal-making that produced the world’s biggest airlines. Taking over AMR Corp. may be his last chance to break into the top tier of U.S. carriers.
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AMR Corp.’s $4.1 billion in cash, the most ever for a U.S. carrier entering bankruptcy, may help the parent of American Airlines preserve its independence.
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United Continental Holdings Inc. was rewarded with the lowest interest rates on record on $892.1 million of bonds backed by jets in the first-ever debt offering secured by Boeing Co.’s 787 Dreamliner.
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Aflac Inc . insurance, Rambus Inc . memory-chip interfaces and Coach Inc . leather handbags are among the products from U.S. companies at risk for lost sales in Japan after the country’s worst earthquake ever.
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United Continental Holdings Inc. is struggling to unify two union workforces more than a year after the $3.47 billion all-stock combination that created the world’s largest airline.
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U.S. airlines may have to cut back on flying as the slowing economy erodes their ability to boost fares while they struggle with higher costs for jet fuel.
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The six largest U.S. airlines have built a $23.8 billion cash hoard to cut debt and build a cushion against future shocks, bucking a pattern in other industries of returning money to investors.
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American Airlines and leaders of its pilots union will meet with federal mediators on Dec. 6 to provide an update on contract talks that stalled two weeks ago.
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