American CEO says Chapter 11 to be 'complex,' warns of tak...

12/18/11

American CEO says Chapter 11 to be 'complex,' warns of takeover attempts
ATWOnline
AA entered into Chapter 11 with about 80000 employees. AA's new CEO emphasized that achieving "next-generation, competitive labor contracts" is critical to the restructuring. "Level the playing field [with other US legacy airlines] and American will ...