AMR's (AAMRQ) New Logo, Design Suggests US Air (LCC) May Need to Try Harder
Tweet
Share
E-mailGet Alerts AAMRQ Hot Sheet
Join SI Premium – FREE
US Airways (NYSE: LCC) is ticking lower Thursday amid news out of acquisition target AMR Corp. (OTCBB: AAMRQ).
AMR unveiled a new logo and look for its aircraft earlier amid conducting talks with US Airways. Despite there being a lot of moving parts, does the new look hint that AMR might rather go it alone rather than be absorbed by US Air?
The release also stated, "American plans to continue taking delivery of new planes this year as part of its historic orders for 550 new aircraft."
American Eagle and AMR's AAdvantage program also will get a new look as of today.
US Airways sought a deal to acquire AMR shortly after AMR filed for bankruptcy protection on November 29, 2011. A combination of the two would produce the world's largest airline, surpassing United Continental Holdings (NYSE: UAL).
SHares of AMR are up on the session, while US Airways is down over one percent.
AMR unveiled a new logo and look for its aircraft earlier amid conducting talks with US Airways. Despite there being a lot of moving parts, does the new look hint that AMR might rather go it alone rather than be absorbed by US Air?
The release also stated, "American plans to continue taking delivery of new planes this year as part of its historic orders for 550 new aircraft."
American Eagle and AMR's AAdvantage program also will get a new look as of today.
US Airways sought a deal to acquire AMR shortly after AMR filed for bankruptcy protection on November 29, 2011. A combination of the two would produce the world's largest airline, surpassing United Continental Holdings (NYSE: UAL).
SHares of AMR are up on the session, while US Airways is down over one percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Real and RE/MAX Holdings receive court approval for merger
- NVIDIA (NVDA) in talks to invest in data-center company Cloverleaf Infrastructure - WSJ
- enVVeno Medical (NVNO) files $100M mixed shelf
Create E-mail Alert Related Categories
Corporate News, Mergers and Acquisitions, Trader TalkRelated Entities
BankruptcySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
