The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

AMR Corporation And US Airways Announce Non-Disclosure Agreement

Friday, August 31, 2012

AMR Corporation And US Airways Announce Non-Disclosure Agreement09:00 EDT Friday, August 31, 2012FORT WORTH, Texas and TEMPE, Ariz., Aug. 31, 2012 /PRNewswire/ -- AMR Corporation ("AMR"), the parent company of American Airlines®, and US Airways Group, Inc. (NYSE: LCC) today announced that they have entered into a non-disclosure agreement ("NDA"), under which the companies have agreed to exchange certain confidential information and, in close collaboration with AMR's Unsecured Creditors Committee, to work in good faith to evaluate a potential combination.  The companies do not expect to provide any further announcements regarding the status of any such discussions unless and until the parties have entered into a transaction or discussions between the parties have been terminated. Furthermore, AMR and US Airways have each agreed while they are evaluating a potential combination that they and their representatives will not engage in discussions with other parties concerning a potential combination of AMR and US Airways. The companies noted that there can be no assurance that a transaction will result from these discussions.SOURCE AMR CorporationFor further information: American Airlines, Media Relations, Fort Worth, Texas, +1-817-967-1577, mediarelations@aa.com; US Airways, Media Relations, Tempe, Ariz., +1-480-693-5729, media.relations@usairways.com