For example, a UN envoy on AMR
could be appointed, to continue making the international case for addressing the issue and to challenge countries to meet their targets.
In addition, the holders of AMR
common stock may get additional distributions in the future contingent upon the trading price of AAL's common stock within 120 days, AAL noted.
The deemed conversion rate for the 6.25% convertible senior notes due 2014 will be 109.5784 shares of AMR
common stock per USD 1,000 of principal amount thereof.
joined Barclays Bank in the UAE in September 2008 as Director in Corporate Banking, where he had responsibility for the non-present GCC countries mainly Oman, Qatar, Kuwait & Bahrain, and later for Abu Dhabi, Sharjah & the Northern Emirates.
"This is good news for our members who utilize AMR
," said Lisa M.
The combination will create the largest airline in the world with an estimated market value of some USD11bn (EUR8.2bn).The merged airline will operate as American Airlines and will be 72%-owned by AMR
's bankruptcy creditors, which approved the tie-up on Wednesday, the informed people told Reuters.
Speaking to reporters following the meeting, Minister Amr
underlined Lebanese-Egyptian deeply rooted ties, voicing full readiness to assist the Lebanese in any matter that enjoys their full agreement.
In a court filing Wednesday, AMR
, which is currently undergoing a restructuring under Chapter 11 creditor protection, asked the federal magistrate for permission to pay the fees of lawyers and financial advisers doing work on behalf of a 10-member coalition of large AMR
bondholders to facilitate an investment in the company that is said to be between $1 billion and $2 billion, the Dow Jones Newswires reported.
This came during a meeting today between Amr
and a visiting businessmen delegation from China.
said its revised plan addresses these concerns by retaining current contractual limits on furloughs and setting restrictions on the ability of the third-largest US airline to enter code-sharing relationships."We believe both of those changes properly address the court's concern," and will help AMR
"keep moving forward to achieve the savings and flexibility needed for our successful restructuring," AMR
spokesman Bruce Hicks said in a statement.
Abdullah, 15, recalled that he awoke in his bedroom to find the house engulfed in flames even as the rest of his family remained asleep in their rooms on the second floor of their two-storey villa in the Al Hamidiyah neighbourhood.
SYRIAN authorities blocked an aid convoy carrying emergency supplies from entering the Baba Amr
district in the city of Homs last night, the International Committee of the Red Cross said.