Just out on the wires. AMR, parent of American Airlines says that it “plans to divest itself” of its wholly-owned regional partner, American Eagle.
Did we hear the magic words in the press release that we’ve heard oh-so-much these days in the airline industry. Yep. Sure did.
“The decision comes after a careful and deliberate evaluation of the strategy that will best enable us to continue to create value for our shareholders,” said AMR Chairman and CEO Gerard Arpey.