August 20, 2017 12:29 AM ET

Airlines

Company Overview of American Airlines, Inc.

Company Overview

American Airlines, Inc. operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo. It also offers freight and mail services. The company operates hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, D.C. As of December 31, 2016, it operated a fleet of 930 mainline aircraft. The company was founded in 1934 and is headquartered in Fort Worth, Texas. American Airlines, Inc. is a subsidiary of American Airlines Group Inc.

4333 Amon Carter Boulevard

Fort Worth, TX 76155

United States

Founded in 1934

128,300 Employees

Phone:

817-963-1234

Key Executives for American Airlines, Inc.

Chairman & CEO
Age: 55
President
Age: 53
CFO, Principal Accounting Officer & Executive VP
Age: 52
Vice President, General Sales Manager and President of AAdvantage (R) Marketing Programs
President of AMR Investment Services Inc
Compensation as of Fiscal Year 2017.

American Airlines, Inc. Key Developments

Qatar Airways Drop Plans To Bid For Stake In American Airlines

Qatar Airways Limited will drop its bid to acquire a stake in American Airlines, Inc., saying its plan to buy as much as 10% in the USA's biggest airline "no longer meets our objectives. Qatar Airways has taken the decision not to proceed with its proposed passive financial investment in American Airlines

American Airlines to Terminate Code-Share Deal Between the Two Carriers, with Effect from March 25, 2018

American Airlines on July 12, 2017, ended code-share deals with Etihad Airways as well as Qatar Airways, saying the termination of the code-share agreement is effective from March 25, 2018. The move comes amid an ongoing feud over what American Airlines claims are illegal subsidies received by Gulf carriers from their respective governments.

American Airlines, Inc. and American Airlines Group Inc. Enter into a Third Amendment to the Amended and Restated Credit and Guaranty Agreement

On June 14, 2017, American Airlines, Inc. (American) and American Airlines Group Inc. (AAG) entered into a Third Amendment to the Amended and Restated Credit and Guaranty Agreement, amending the Amended and Restated Credit and Guaranty Agreement dated as of April 20, 2015, among American, AAG, the lenders from time to time party thereto, Citibank N.A., as administrative agent, and certain other parties thereto. On the closing date, the aggregate principal amount of the term loans outstanding under the 2015 Credit Agreement was $735 million. Under the Third Amendment, among other things, American refinanced the Existing Term Loans with proceeds of term loans incurred pursuant to the Third Amendment. Pursuant to the Third Amendment, the interest rate margin on the 2017 Term Loans was reduced to 2.00% for those loans with interest rates based on LIBOR and to 1.00% for loans with interest rates based on an index. The revolving credit facility under the 2015 Credit Agreement remains unchanged and, as of the Closing Date, there were no borrowings or letters of credit outstanding there under.

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Recent Private Companies Transactions

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Private Placement
March 27, 2017
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