A divestiture IS a sale. That's what the word means. You are suggesting that AMR's potential divestment of Eagle will result in a liquidation of assets. I do not know the agreement (if there even is one) between Eagle and AMR especially pertaining to min fleet numbers/block hours flown, but a liquidation is one of many different things that 'could' be a possibility, however, unlikely IMO.

The thread title was a bit misleading as there is nothing in the letter to suggest that a liquidation of Eagle's assets were going to take place; just a potential divestment of the company. The same thing happened to Colgan, Compass, Mesaba, ASA, etc.