"AMR Says Creditors May Provide Financing for Plan"
As an aside. You know DP has examined a number of scenarios. If there's an instance where the American deal provides diminishing returns, or a group of investors secures a larger controlling block of voting shares, or DP is once again outmaneuvered and edged from the room, then he may effect the alternate strategy.
It wasn't long after Icahn had a run at U before the merger with Piedmont was announced, an then another, another, and still another with PSA. DP is the father of consolidation this century. He's likely looked at three-way with other healthy carriers.
And part of that plan would likely target AMR's domestic feed, undermine their recovery, and scavenge the fragmented breakup. Kill the roots and the tree falls.
As a healthy carrier, ourselves, I'd prefer a threeway with other healthier airlines. What's the likelyhood of pay parity that exceeds what we'd get with an AMR transaction.
