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AMR as ‘Last Plum’ Stirs Interest After Airline Ranks Cut

AMR Corp.’s reorganization in bankruptcy has made the American Airlines parent a possible acquisition target for US Airways Group Inc. and buyout firm TPG Capital in what may be a final round of industry consolidation.

US Airways hired Millstein & Co. and Barclays Plc as advisers, a person familiar with the matter said today. TPG, led by David Bonderman, is in the early stages of an evaluation, and Delta Air Lines Inc. is using Blackstone Group LP to study options for AMR, two other people said yesterday.