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American's bankruptcy fuels merger talk
http://money.cnn.com/2012/02/02/news/companies/american_airlines_merger/index.htm?iid=HP_LNNEW YORK (CNNMoney) -- American Airlines' bankruptcy has many in the industry questioning if a merger is in its future.
US Airways (LCC, Fortune 500), whose management has a history of making bids for larger airlines that are in bankruptcy, confirmed that it has hired investment advisors to weigh the opportunities presented by American's parent AMR Corp. (AAMRQ) bankruptcy reorganization.
442PrintCommentUS Airways CEO Doug Parker told analysts last week that there isn't as much need for airline industry consolidation today than there has been in the past, but he said US Airways was "always interested" in studying such opportunities.
Delta Air Lines (DAL, Fortune 500) hired its own investment advisors at Blackstone Group to study a bid for AMR according to a report in the Wall Street Journal, although neither Delta nor Blackstone would comment on it.
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