Ad-Hoc Committee Representing American Airlines Bondholders Issues Statement Regarding American Airlines and US Airways Merger

 Ad-Hoc Committee Representing American Airlines Bondholders Issues Statement
              Regarding American Airlines and US Airways Merger

PR Newswire

NEW YORK, Feb. 14, 2013

NEW YORK, Feb. 14, 2013 /PRNewswire/ -- The Ad-Hoc Committee representing
bondholders of AMR Corporation (OTCQB: AAMRQ), the parent company of American
Airlines, Inc., today issued the following statement regarding the announced
merger of American Airlines and US Airways Group, Inc. (NYSE: LCC):

We are pleased that American Airlines and US Airways have agreed to combine in
a transaction that will result in significant value for stakeholders of both
companies, including bondholders of AMR. This merger is the best outcome for
AMR's restructuring, providing AMR stakeholders with enhanced recoveries. We
are pleased that the Ad Hoc Committee, along with certain other large
bondholders, have been able to reach an agreement with AMR regarding a fair
and appropriate allocation of value among AMR stakeholders and believe that
such agreement will avoid significant litigation that might otherwise
jeopardize consummation of the merger. We acknowledge the efforts of Tom
Horton and the American Airlines Board of Directors and management team, as
well as the work of Doug Parker and the US Airways Board and management team,
who have worked extremely hard for more than a year to make this transaction
possible and AMR's restructuring a success. Gerard Uzzi and Tom Janson of
Milbank, Tweed, Hadley & McCloy LLP and Eric Siegert of Houlihan Lokey
represent the Ad Hoc Committee. Seabury Group and Amy Caton of Kramer Levin
Naftalis & Frankel LLP represent Bank of New York Mellon and Law Debenture as
indenture trustees in connection with the negotiations.

SOURCE The Ad-Hoc Committee

Contact: Gerard Uzzi, +1-212-530-5670, Eric Siegert, +1-612-338-2910, or Fred
Vescio, +1-612-338-2910
 
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