824:. As of 2011, it is worth $ 30 million U.S. dollars. Many large companies own or rent property for use of executives who are working abroad. When AMR Corporation requested Chapter 11 bankruptcy protection, LON6526 was one of the eight owned properties the company declared. The airline purchased the complex in 1992 for £6.3 million British pounds (US$ 9.8 million). Nina Campbell, an interior designer, had renovated the property. An AMR spokesperson said that AMR may sell the townhouse. Richard Tilton, a lawyer with specialization in bankruptcy and the director of Sheldon Good & Co., compared the property to the "corporate jets that the executives at GM and Chrysler were forced to give up", and predicted that such "symbols of corporate suite excess" were unlikely to survive the Chapter 11 reorganization.
558:. Indeed, in a July 12 court filing US Airways said it supported an American Airlines request to extend a period during which only American could file a bankruptcy reorganization plan ("exclusivity period"); in the filing US Airways disclosed that it was an American Airlines creditor and "prospective merger partner. On August 31, 2012, US Airways CEO Doug Parker announced that American Airlines and US Airways had signed a nondisclosure agreement, in which the airlines would discuss their financials and a possible merger."
29:
509:
385:
878:
291:
274:
257:
239:
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892:
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The new CEO said there would probably be job cuts due to reduction to the flight schedule. On
February 1, 2012, Horton announced that they would be cutting 13,000 jobs and restructuring pension benefits, after losing $ 884 million in the first nine months of 2011 and $ 904 million in December 2011
456:
The decision came as the airline tried to "achieve a cost and debt structure that is industry competitive and thereby assure its long-term viability and ability to continue delivering a world-class travel experience for its customers", the company said in a statement. American
Airlines stated that
562:
remaining 28%. The combined airline would carry the
American Airlines name and branding, while the US Airways' management team, including CEO Doug Parker, would retain most operational management positions. Headquarters for the new airline was consolidated at American's current headquarters in
561:
On
February 14, 2013, AMR and US Airways Group officially announced that the two companies would merge to form the largest airline in the world. In the deal, which closed in the third quarter of 2013, bondholders of AMR would own 72% of the new company and US Airways shareholders would own the
524:
expressed interest to take over
American Airlines, followed by the AMR CEO stating, in March, that American was open to a merger with US Airways. US Airways told some American Airlines creditors that merging the two carriers could yield more than $ 1.5 billion a year in added revenue and cost
489:
In
February 2012 the company announced that in order to cut operating costs and boost revenue, it would eliminate 13,000 jobs, which amounted to 18 percent (including 15 percent management positions) of American Airline's 73,800 employees. This was projected to cut 20 percent—$
713:
operates 605 aircraft as of April 2012 with an additional 451 on order. The new planes will consist of 260 A320neo from Airbus and 200 Boeing 737s over the next five years. It will also take options and purchase rights for up to 465 additional planes through 2025.
1104:
1331:
438:
base has been identified as one contributing cause: in 1995, AMR obtained goods and services from 7200 suppliers, but reduced this number by 30% in 1996 and by a further 16% in 1997, achieving cost savings as a result of this consolidation.
427:. In 1984, various subsidiaries previously owned by American Airlines merged and created AMR Energy Corporation; it was involved in creating oil and natural gas resources. In 1986, AMR announced that it would be acquiring
1305:
1521:
2005:
1127:
531:
In July 2012, American announced capacity cuts due to the grounding of several aircraft associated with its bankruptcy and lack of pilots due to retirements. American's regional airline,
2305:
468:
American was the last of the remaining legacy airlines in the US to file for bankruptcy, and thus there are no remaining legacy carriers that have not taken advantage of
Chapter 11.
2295:
1951:
2300:
1998:
1840:
1765:
1309:
2265:
1991:
1341:
1528:
1363:
940:
1135:
788:
AMR sponsors the AMR/American
Airlines Foundation, a grant-making foundation which supports charitable causes in cities served by AA, in particular the
2325:
538:
As of
September 2012, American's unions were looking to merge with another airline. Reports were the possible merger partners AMR was looking at were,
1403:
2290:
1732:
2320:
2285:
364:
protection in
November 2011. The company emerged from bankruptcy on December 9, 2013, and at the same time announced that it would merge with
2280:
490:
2 billion—of operating costs and raise revenue by $ 1 billion. Since 2001, accumulative losses of the company were $ 11 billion.
442:
In 1998, the company announced that it would sell three of its subsidiaries and focus solely on the core airline businesses. AMR purchased
1284:"WSJ: US Airways Considers Merger With American Airlines - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |"
434:
In 1994, AMR succeeded in achieving profitability, after failing to produce it for three years in a row. Sustained work to reduce its
574:. Horton remained as chairman of the merged business, while US Airways president Scott Kirby became president of the merged company.
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361:
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group said that unofficial research states that AMR was the 100th airline company to go into bankruptcy protection since 1990.
453:
On November 29, 2011, AMR Corporation filed for Chapter 11 reorganization bankruptcy with $ 4 billion of cash.
2310:
1725:
1157:
1055:
754:
528:
On 20 April 2012, American Airlines' three unions said they supported a proposed merger between American and US Airways.
503:
1669:
446:(TWA) in 2001, for $ 742 million. With the acquisition, American became the largest airline in the world and surpassed
230:
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1974:
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1588:
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970:
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948:
1406:(Press release). Fort Worth, TX & Tempe, AZ: AMR & US Airways Group. February 14, 2013. Archived from
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Implementing Best Purchasing and Supply Management Practices: Lessons from Innovative Commercial Firms
396:
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1674:
1364:"Creditor, 'prospective merger partner' US Airways gives support to American exclusivity extension"
1404:"AMERICAN AIRLINES AND US AIRWAYS TO CREATE A PREMIER GLOBAL CARRIER -- THE NEW AMERICAN AIRLINES"
688:
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1983:
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AMR Corporation owns a five-story townhouse, London Residence LON6526, in Cottesmore Gardens,
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357:
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720:, AMR's regional subsidiary operates 284 aircraft including 39 which are operated by
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535:, stated it would retire 35 to 40 regional jets as well as its Saab turboprop fleet.
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1431:"US Airways CEO Doug Parker reflects on long flight to American Airlines merger"
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brand. Chautauqua is not owned by AMR but operates aircraft for American Eagle.
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Flagship University, a corporate conference and training center in Fort Worth.
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47:
28:
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American Airlines Travel Academy, a school for travel industry professionals
508:
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1044:, prepared for the US Air Force, Rand, page 153, accessed on 16 August 2024
882:
458:
181:
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American Airlines, Division de Servicios Aeroportuarios (R.D.), S.A. (DSA)
2219:
1670:
Shlachter & Co.: Execs of bankrupt AMR Corp. enjoy swanky London digs
1482:"AMR Corp 'Form 10K EX-21' 2011 Exhibits: Subsidiaries of the Registrant"
571:
457:
despite the filing it was continuing normal operations. Chairman and CEO
1690:
423:, its name derived from American Airlines's former ticker symbol on the
384:
2149:
1833:
1554:"AMR Corp 2011 Statement of Financial Affairs for AMR Corporation 2012"
817:
694:
539:
249:
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717:
435:
349:
1457:"American Airlines CEO Tom Horton Sends Thank You Note to Employees"
1813:
848:
687:
SC Investment, Inc. Holding company for less than 0.5% interest in
76:
2013:
828:
AMR Corporation's former certificated airline holding acquisitions
2068:
1652:
330:
201:
1635:
2194:
821:
743:
478:
On December 2, 2011, AMR Corporation was replaced by
1177:"AMR to trim 13,000 jobs in plan for $ 2 billion in cost cuts"
1056:"American Airlines files for Chapter 11 bankruptcy protection"
512:
The sign of the headquarters of AMR Corporation replaced with
341:
266:
142:
62:
2154:
2134:
1656:. Wednesday December 14, 2011. Retrieved December 14, 2011.
1306:"3 unions push American Air toward US Airways merger talks"
991:
56:
1382:"American Airlines, US Airways unveil $ 11 billion merger"
2306:
Former components in the Dow Jones Transportation Average
2296:
Companies formerly listed on the New York Stock Exchange
1237:
1158:
Unofficially, AMR is 100th airline bankruptcy since 1990
1102:
1240:"US Airways CEO confirms interest in American Airlines"
2301:
Companies that filed for Chapter 11 bankruptcy in 2011
1668:
Shlachter, Barry, Scott Nishimura, and Sandra Baker. "
570:
was replaced as CEO by the current CEO of US Airways,
313:
1699:
431:'s parent company, ACI Holdings, for $ 225 million.
1332:"American looking at 5 airlines for merger partner"
1205:"American Airlines files for bankruptcy protection"
929:. United States Securities and Exchange Commission.
461:stepped down and was replaced by company president
1128:"American Airlines parent seeks Ch. 11 protection"
1308:. chicago tribune. April 22, 2012. Archived from
1166:. November 29, 2011. Retrieved November 29, 2011.
1010:
1008:
776:American Airlines Flight Academy, a flying school
648:International Ground Services, S.A. de C.V. (IGS)
2257:
668:, operating American Eagle's ATR aircraft fleet
1474:
783:
757:, a museum of commercial aviation in Fort Worth
415:AMR Corporation was formed in 1982, as part of
2266:Airline holding companies of the United States
2015:Airline holding companies of the United States
1005:
724:, another subsidiary of AMR Corporation.
631:Texas Aero Engine Services, L.L.C, dba TAESL *
1999:
1726:
1648:American Airlines' $ 30 mln London town house
1262:"American Airlines open to merger, CEO hints"
1238:Matt Joyce, Staff Writer (January 26, 2012).
602:American Airlines Realty (NYC) Holdings, Inc.
577:
1664:
1662:
1264:. Charlotte Business Journal. March 19, 2012
744:Aviation business subsidiaries and divisions
1740:
1225:"American Airlines aims to cut 13,000 jobs"
1191:"American Airlines pangkas 13.000 karyawan"
628:American Airlines IP Licensing Holding, LLC
2006:
1992:
1733:
1719:
1516:
1514:
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1504:
1502:
1500:
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2326:American companies disestablished in 2013
1659:
639:Aerodespachos de Colombia, SA (AERCOL SA)
497:
2291:Holding companies disestablished in 2013
1454:
1105:"American Airlines files for bankruptcy"
599:American Airlines Marketing Services LLC
507:
1495:
1455:Shankman, Samantha (December 6, 2013).
1079:
419:' non-bankruptcy reorganization into a
2321:American companies established in 1982
2258:
1428:
1125:
2286:Holding companies established in 1982
1987:
1714:
1700:American Airlines/AMR Corp. Home Page
1546:
1053:
1047:
971:"AMR Corporation Chapter 11 Petition"
921:
919:
917:
915:
913:
911:
2281:Companies based in Fort Worth, Texas
1080:Isidore, Chris (November 29, 2011).
1054:Rushe, Dominic (November 29, 2011).
596:American Airlines de Venezuela, S.A.
379:
1126:Koenig, David (November 29, 2011).
755:American Airlines C.R. Smith Museum
504:American Airlines-US Airways merger
116:Chapter 11 bankruptcy, merged with
13:
1134:. Associated Press. Archived from
1119:
908:
344:, which was the parent company of
14:
2337:
2247:List of airline holding companies
1975:List of airline holding companies
1684:
1107:. Yahoo! UK & Ireland Finance
927:"2010 Form 10-K, AMR Corporation"
732:Fifteen aircraft are operated by
642:Caribbean Dispatch Services, Ltd.
593:American Airlines de Mexico, S.A.
1646:Jones, Rhys and Chris Wickham. "
1429:Wilson, Jen (December 2, 2013).
999:"SEC Filing | American Airlines"
890:
876:
659:a regional feeder airline for AA
484:Dow Jones Transportation Average
383:
290:
289:
273:
272:
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238:
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27:
2316:2013 disestablishments in Texas
1691:AMR Corporation Company Profile
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1324:
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1276:
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1217:
1197:
1183:
1169:
1150:
693:AMR had a 20% share of defunct
684:PMA Investment Subsidiary, Inc.
674:Business Express Airlines, Inc.
671:Executive Ground Services, Inc.
636:Americas Ground Services, Inc.
606:American Airlines Vacations LLC
16:Defunct airline holding company
2190:Northwest Airlines Corporation
1678:. Wednesday December 14, 2011.
1103:Kyle Peterson and Matt Daily.
1096:
1073:
1030:
963:
933:
653:AMR Eagle Holding Corporation
622:TransWorld Airlines (TWA, LLC)
190:(President and CEO; 2011–2013)
184:(President and CEO; 2003–2011)
178:(President and CEO; 1998–2003)
172:(President and CEO; 1982–1998)
1:
902:
616:AA Real Estate Holding GP LLC
2311:1982 establishments in Texas
2049:Atlas Air Worldwide Holdings
2029:Air Transport Services Group
1384:. Reuters. February 14, 2013
1242:. Charlotte Business Journal
1016:"History of AMR Corporation"
784:American Airlines Foundation
760:American Airlines Facilities
657:American Eagle Airlines Inc.
610:American Aviation Supply LLC
7:
2069:JetBlue Airways Corporation
869:
811:
790:Dallas/Fort Worth Metroplex
619:AA Real Estate Holding L.P.
10:
2342:
2160:Frontier Airlines Holdings
1898:Pacific Southwest Airlines
1799:American Overseas Airlines
578:Subsidiaries and divisions
501:
375:
362:Chapter 11 bankruptcy
101:December 8, 2013
2243:
2112:
2079:Republic Airways Holdings
2021:
1972:
1939:
1913:
1786:
1748:
1615:"American Airlines Fleet"
728:Non-AMR Corporation fleet
473:Air Transport Association
308:
298:
294:−US$ 7.111 billion (2011)
281:
264:
260:−US$ 1.876 billion (2012)
247:
242:−US$ 1.172 billion (2011)
228:
210:
197:
160:
150:
133:
123:
112:
97:
86:October 1, 1982
82:
72:
45:
35:
26:
2225:Transamerica Corporation
2170:Global Aviation Holdings
2104:United Airlines Holdings
2039:Allegiant Travel Company
1914:Former holding companies
1675:Fort Worth Star-Telegram
1435:Chicago Business Journal
700:
566:. AMR president and CEO
277:US$ 23.51 billion (2012)
2271:American Airlines Group
2215:Trans World Corporation
2205:Pinnacle Airlines Corp.
2135:Atlantic Coast Holdings
2044:American Airlines Group
1940:Former marketing brands
1824:Trans Caribbean Airways
1742:American Airlines Group
750:American Airlines Cargo
718:American Eagle Airlines
666:Executive Airlines Inc.
662:Eagle Aviation Services
514:American Airlines Group
425:New York Stock Exchange
370:American Airlines Group
368:to form a new company,
350:American Eagle Airlines
128:American Airlines Group
773:is independent of AMR)
517:
498:Merger with US Airways
65:: AAMRQ (until merger)
2210:Texas Air Corporation
2165:Global Aero Logistics
2145:BIA-COR Holdings Inc.
2140:America West Holdings
2099:Trans States Holdings
2089:Southern Air Holdings
1931:America West Holdings
1873:Lake Central Airlines
1868:America West Airlines
1858:All American Aviation
941:"Corporate Structure"
806:San Juan, Puerto Rico
802:Saint Louis, Missouri
706:AMR Corporation fleet
689:Aerolíneas Argentinas
584:American Airlines Inc
511:
223:24.855 billion (2012)
1964:America West Express
1829:Trans World Airlines
1534:on February 19, 2012
1410:on February 16, 2013
1213:. November 29, 2011.
951:on February 25, 2009
897:Companies portal
681:Avion Assurance Ltd.
444:Trans World Airlines
421:Delaware corporation
1883:MidAtlantic Airways
1227:. February 1, 2012.
1193:. February 2, 2012.
1179:. February 2, 2012.
1138:on December 4, 2011
864:Wings West Airlines
771:Chautauqua Airlines
738:American Connection
734:Chautauqua Airlines
589:Admirals Club, Inc.
300:Number of employees
23:
2195:Pan Am Corporation
2094:Southwest Airlines
1959:US Airways Shuttle
1947:US Airways Express
1863:Allegheny Airlines
1804:Executive Airlines
1344:on January 2, 2013
1156:Mutzabaugh, Ben. "
1018:. Funding Universe
767:AmericanConnection
722:Executive Airlines
518:
395:. You can help by
358:Executive Airlines
354:AmericanConnection
59:: AMR (until 2012)
21:
2276:American Airlines
2253:
2252:
2180:Midwest Air Group
2059:Hawaiian Holdings
1981:
1980:
1893:Piedmont Airlines
1787:Heritage airlines
1773:Piedmont Airlines
1756:American Airlines
1636:crsmithmuseum.org
1595:on April 19, 2012
1368:LeveragedLoan.com
1312:on April 21, 2012
945:American Airlines
794:Chicago, Illinois
711:American Airlines
564:Fort Worth, Texas
520:In January 2012,
417:American Airlines
413:
412:
346:American Airlines
324:
323:
2333:
2235:US Airways Group
2120:AirTran Holdings
2034:Alaska Air Group
2008:
2001:
1994:
1985:
1984:
1926:US Airways Group
1819:Simmons Airlines
1735:
1728:
1721:
1712:
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1644:
1638:
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1605:
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1600:
1591:. Archived from
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1568:
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1544:
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1541:
1539:
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1527:. Archived from
1526:
1522:"Form 10-K 2008"
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1370:. July 15, 2012.
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1340:. Archived from
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947:. Archived from
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931:
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923:
895:
894:
893:
883:Texas portal
881:
880:
879:
859:TWA Airlines LLC
854:Simmons Airlines
613:Packcall Limited
568:Thomas W. Horton
522:US Airways Group
480:Alaska Air Group
463:Thomas W. Horton
408:
405:
387:
380:
366:US Airways Group
360:. AMR filed for
320:
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231:Operating income
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188:Thomas W. Horton
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118:US Airways Group
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20:
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2256:
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2249:
2239:
2230:UAL Corporation
2150:Icahn & Co.
2125:AMR Corporation
2108:
2054:Delta Air Lines
2017:
2012:
1982:
1977:
1968:
1935:
1921:AMR Corporation
1909:
1888:Mohawk Airlines
1782:
1744:
1739:
1705:AMR Corporation
1687:
1682:
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1660:
1645:
1641:
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1620:
1618:
1617:. airfleets.net
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1337:Chicago Tribune
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839:Command Airways
830:
814:
786:
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703:
580:
548:Alaska Airlines
506:
500:
448:United Airlines
409:
403:
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393:needs expansion
378:
334:holding company
327:AMR Corporation
312:
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176:Donald J. Carty
170:Robert Crandall
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1952:destinations
1920:
1841:destinations
1778:PSA Airlines
1766:destinations
1673:
1651:
1642:
1631:
1621:November 15,
1619:. Retrieved
1609:
1597:. Retrieved
1593:the original
1583:
1572:
1562:September 3,
1560:. Retrieved
1548:
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1529:the original
1487:September 4,
1485:. Retrieved
1476:
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1414:February 14,
1412:. Retrieved
1408:the original
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1346:. Retrieved
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1310:the original
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1278:
1266:. Retrieved
1256:
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1233:
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1210:Miami Herald
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1136:the original
1131:
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1063:. Retrieved
1060:The Guardian
1059:
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993:
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978:PacerMonitor
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492:
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470:
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459:Gerard Arpey
455:
452:
441:
433:
414:
401:
397:adding to it
392:
326:
325:
284:Total equity
267:Total assets
182:Gerard Arpey
134:Headquarters
36:Company type
18:
2220:TPG Capital
2064:iAero Group
1599:January 11,
1466:December 7,
1440:December 7,
1142:December 7,
1132:Google News
1111:December 2,
1088:December 2,
1082:"CNN Money"
844:Metroflight
572:Doug Parker
152:Area served
2260:Categories
2245:See also:
1834:US Airways
903:References
818:Kensington
769:(operator
736:under the
695:Aeroperlas
540:US Airways
338:Fort Worth
250:Net income
162:Key people
139:Fort Worth
105:2013-12-08
90:1982-10-01
1761:Envoy Air
1707:(archive)
1577:usdoj.gov
1316:April 20,
1268:March 24,
1246:March 24,
1163:USA Today
525:savings.
336:based in
156:Worldwide
124:Successor
48:Traded as
1878:MetroJet
1814:Reno Air
1749:Airlines
1538:March 8,
1040:(2002),
1022:June 30,
870:See also
849:Reno Air
812:Property
552:Frontier
436:supplier
404:May 2012
205:services
198:Services
77:Aviation
73:Industry
2022:Current
1653:Reuters
1290:May 17,
955:May 18,
834:Air Cal
544:JetBlue
494:alone.
482:in the
376:History
331:airline
329:was an
309:Website
211:Revenue
202:Airline
103: (
98:Defunct
88: (
83:Founded
2130:Amtran
2113:Former
1851:livery
1038:et al.
983:May 9,
822:London
804:, and
145:, U.S.
40:Public
1846:fleet
1557:(PDF)
1532:(PDF)
1525:(PDF)
1461:Skift
1084:. CNN
974:(PDF)
701:Fleet
342:Texas
143:Texas
63:OTCQB
2155:Flyi
1623:2010
1601:2009
1564:2012
1540:2009
1489:2012
1468:2013
1442:2013
1416:2013
1390:2013
1350:2012
1318:2012
1292:2012
1270:2012
1248:2012
1144:2011
1113:2011
1090:2011
1067:2011
1024:2020
985:2016
957:2009
554:and
516:sign
471:The
356:and
318:.com
221:US$
113:Fate
57:NYSE
1693:at
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399:.
316:.aa
314:www
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406:)
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
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