Official: Eagle to be divested

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07-20-2011 | 03:17 AM

cessna157

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From: Aeroplanes

Official: Eagle to be divested

Looks like Eagle is finally/officially being spun-off into its own company/stock:

AMR Corporation Announces Intent to Move Forward With the Divestiture of American Eagle - Jul 20, 2011

07-20-2011 | 03:29 AM

Farmlover

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AMR Corporation Announces Largest Aircraft Order in History With Boeing and Airbus - Jul 20, 2011

looks like a big order also,,,,

07-20-2011 | 03:32 AM

Past V1

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"Strategically for AMR, it would be beneficial, as we could, over time, diversify our regional feed with additional regional airlines to ensure we have access to the most competitive rates and service. A divestiture could provide Eagle an opportunity to vie for business of other mainline carriers and allow the carrier to grow."

I don't like this statement, sorry Eagle. I hope everything pans out for the better...

07-20-2011 | 04:27 AM

Stryker

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Quote:

Originally Posted by Past V1

Where does this sound bad to you? This says that it will allow Eagle to ALSO gain flying for other carriers. To me this sounds like it COULD be a very good thing.

07-20-2011 | 04:30 AM

Stryker

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Also lets not forget that a divesture takes quite a bit of time to happen. I wouldnt begin to worry unless the details in the future say otherwise...

07-20-2011 | 04:46 AM

Duksrule

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Quote:

Originally Posted by Stryker

Where does this sound bad to you? This says that it will allow Eagle to ALSO gain flying for other carriers. To me this sounds like it COULD be a very good thing.

But wouldn't it also mean that they can bid out their flying to cheaper airlines if they can save a buck?

07-20-2011 | 04:51 AM

Stryker

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Yea, anything is possible I guess... I wonder how long after divestiture that Eagle is to continue flying for American before they have to start bidding like everyone else??

07-20-2011 | 05:12 AM

Lone Palm

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From: Port of Indecision and Southwest of Disorder

Part of the spinoff will include a CPA for whatever portion of flying AMR wishes to contract with Eagle and the rates will also be negotiated. Good luck guys/gals hopefully this is a good thing.

07-20-2011 | 05:13 AM

Boomer

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From: blueJet

Quote:

Originally Posted by Past V1

we could, over time, diversify our regional feed with additional regional airlines to ensure we have access to the most competitive rates and service.

Quote:

Originally Posted by Duksrule

But wouldn't it also mean that they can bid out their flying to cheaper airlines if they can save a buck?

Yes.

That is not just implied - it is stated.

07-20-2011 | 05:16 AM

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Boomer

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From: blueJet

It's official - American Airlines is introducing regional whipsaw.

The next announcement will be from RAH and consist of just one word - "WINNING!"