American Airlines facing financial woes, may be bought out by other airlines

Friday, January 13, 2012 - 3:41pm

American Airlines continues to deal with turbulence, not in the air, but behind the scenes.

It's been a bumpy ride for the nation's third largest carrier since filling for Chapter 11 Bankruptcy protection in November and now there are reports at least two competitors and an equity capitol firm are considering bids to take over parent company AMR.

Industry insiders say US Airways, Delta and the TPGA private equity firm are evaluating the possibility of a merger or buyout.

Still, they also point out any move is not likely to happen until AMR is closer to finishing a court restructuring process that could take more than a year to complete.

None of the potential suitors or American will talk publicly about their intentions, though AMR executives have repeatedly stressed they believe American can operate as a stand-alone carrier.

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