Now American Airlines says it will formally explore partners
Skift Take
A strategic leak to WSJ on this one: American is likely approaching potential partners reluctantly because, as Andrew Ross Sorkin made clear, its execs stand to make a ton of money if they wait to merge.
After the NYT revelation last night, looks like AA wants to kickstart the process, lest the top management be accused of, well, greediness: American Airlines parent AMR Corp. plans to sound out potential partners about a merger or other investment deals in coming weeks, says WSJ. It will send nondisclosure agreements to other airlines as soon as this month, starting a formal process in which the parties would exchange nonpublic information to consider possible deals. The airline also could invite private-equity firms and other investors to study the company’s books.
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