American Eagle Airlines Embraer ERJ 145LR (EMB-145LR) N610AE (msn 145073) (In support of all who serve) BWI (Tony Storck), originally uploaded by Airliners Gallery.
AMR Corporation (Dallas/Fort Worth), the parent company of American Airlines, Inc., also announced today its intent to move forward with the divestiture of AMR Eagle Holding Corporation (Dallas/Fort Worth). AMR currently expects the divestiture to take the form of a spin-off of Eagle stock to the shareholders of AMR.
As part of the process of preparing for a potential spin-off of Eagle, in August 2011 AMR Eagle Holding Corporation expects to file a Registration Statement on Form 10 with the Securities and Exchange Commission related to the intended divestiture. The Registration Statement on Form 10 will describe the divestiture and will contain important information about Eagle, including its historical consolidated financial statements.
A specific time frame for the divestiture has not been announced. The company currently envisions the divestiture as a spin-off, however, it remains open to other options, including a sale, as the transaction moves forward.
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Copyright Photo: Tony Storck. Please click on the photo for further information.