Airlines and private equity firms are exploring a deal with American Airlines, but its best option is to emerge from bankruptcy as an independent airline with a stronger balance sheet.
FORTUNE -- The sharks have started to circle American Airlines, but don't expect anything to come of it -- at least in the near term. A tie up involving American with either Delta Air Lines or US Airways makes little strategic sense at this point and would end up creating major headaches for all the parties involved. Meanwhile, a cash infusion from either TPG or another private equity firm isn't needed for the airline to work its way through bankruptcy.
http://finance.fortune.cnn.com/2012/01/17/american-airlines-merger/?source=yahoo_quote
FORTUNE -- The sharks have started to circle American Airlines, but don't expect anything to come of it -- at least in the near term. A tie up involving American with either Delta Air Lines or US Airways makes little strategic sense at this point and would end up creating major headaches for all the parties involved. Meanwhile, a cash infusion from either TPG or another private equity firm isn't needed for the airline to work its way through bankruptcy.
http://finance.fortune.cnn.com/2012/01/17/american-airlines-merger/?source=yahoo_quote