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AMR, creditors agree to explore merger option-source
May 11, 2012 / 7:28 PM / in 6 years

AMR, creditors agree to explore merger option-source

May 11 (Reuters) - AMR Corp, the bankrupt parent of American Airlines, will consider merger options with rivals including US Airways Group, a source familiar with the matter said on Friday.

The airline has reached an agreement with its creditors to explore whether a merger would create more value than its plan to exit bankruptcy as a stand-alone carrier, the source told Reuters.

The source declined to be named because the matter is not public. AMR representatives were not immediately available for comment.

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