AMR bolsters cash position, to order planes
American Airlines parent AMR Corp
AMR said it had obtained $2.9 billion in additional liquidity and aircraft financing. That includes $1 billion from the advance sale of frequent flyer miles to Citigroup Inc
The company also said it got $1.6 billion in sale-leaseback financing commitments from GE for Boeing
The American Eagle division has signed a letter of intent with Bombardier Inc
The company also said it planned to add flights at key U.S. hubs.
(Reporting by Karen Jacobs; Editing by Lisa Von Ahn)
© Copyright Thomson Reuters 2024. All rights reserved.