American Eagle exists in large part as a wholly owned airline as a vehicle by which AMR may shuffle money around to/from AA and AE as needed. If Eagle were to be divested with just a CPA there would be no way to continue shuffling money around... it woudl all be one way only, from AA to Eagle. By moving the equipment to AA/AMR and leasing it back to Eagle, they will be able to keep their money shuffle alive with perpetual renegotiation of leases...

The Eagle ATR's were sold well over a year and a half ago to an outside company for leaseback...

No real news here.