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AMR the parent company of American Airlines has -- -- explore merger options for the first time since declaring bankruptcy.
US Airways has been pushing hard for a merger for several months but AMR may have other partnerships in mind aerospace analyst -- idol maxim group joins me now.
What do you make of this latest move that there are now open to discussions.
To acquire someone you buy it.
As part of their due diligence -- have to look at all options not only merging with other airlines.
But looking for foreign investment.
Outside financial investors so it's the way that you would wanna do it -- unsecured creditors committee I think wants it that way as well.
A tough Time Warner's CEO of American obviously Italy -- comedies have -- in the past we've looked at US Airways.
And when he says things like that -- an earlier rise do you -- well well you know maybe this is a real.
Movies considering that.
I think that this excellence is -- -- -- as it was -- as mines.
Thereafter and of course they're looking at it.
I get the feeling that it wouldn't be his first choice is first choice would be to -- and independents and did you relationships with the other airlines like jetBlue in Alaska.
Mergers I think would be advantage here they could do code share relationship.
Under the new.
More flexible locals have with the pilots and they do prefer to do that.
While cases speaking of the pilots and you may did they just came good deal with the pilots you know ground crews mechanics.
Flight -- -- haven't agreed to any thing you expect that says things -- -- plan -- bankruptcy court.
Is a big -- out there for the pilots to approve this agreement 13%.
Ownership of the new company's that's a big -- It is precisely the company into American as you mean that an inducement you know the -- still support the merger due us Airways.
These that is inducement to the policy is that it does the pile will be unions in particular the pilots which are the most powerful union Bair went to US Airways and oppression answer right -- -- the -- really do want a merger because they want bigger market -- They're dealing with the better deal from what I understand from us Airways so American is offering -- -- of ownership to train at least keep the -- neutral.
You reiterated yourself again this morning on AMR but at what we need is quote from US Airways -- issued a statement after this report came to light these comments from me by Tom Morgan -- -- -- vast source of -- balanced opportunity to present our plan vs the others were hopeful this is the beginning of this process.
We think we maximize value for all stakeholders and does this maximize value for all -- cold we'll do you got a -- See what the final offer is that they make.
But the thing is they want to -- -- information from Americans to -- to -- -- business plan.
Presented to all the unsecured creditors being on the -- unions and let them make the decision which would they wanna go.
Okay we'll put the list of other names and five airlines that they -- this is an aside -- sourced from Reuters that says the speaking to Reuters off the record.
That five airlines US Airways is one -- -- Alaska republic front or even virgin America would be considered by MR any of these interest you at all.
-- and a little energy and a republic.
And those -- the one.
I got burgeoning upfront you're republic you cover all -- has Alaska -- that that this non starter.
You know from a few of the -- viewpoint -- -- -- make sense but -- from the economic viewpoint -- idol.
Always good to get your take -- -- best way out we'll -- send thank -- your act.
That story continues certainly.
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