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amr
’American Airlines raises $2.9bn
AMR, the parent of American Airlines, has struck financing accords with GE and Citigroup that will free $2.9bn in cash to help offset a slump in air-travel demand, reports the FT. Shares of the carrier jumped more than 23% on Thursday’s news,
AMR feels the icy winds of shareholder activism
You can almost hear the cry: “Someone get a map. We’ve got a letter from some lot in Reykjavik and they’re not very happy.”
FL Group, the Icelandic investment group, is taking a pop at American Airlines,