THE OLYMPIAN
AMR Corp.’s American Airlines, whose bankruptcy made it a possible takeover target, may try to buy a rival after leaving Chapter 11 as the U.S. industry shrinks, Chief Executive Officer Tom Horton said.
“It’s not hard to envision how we could be a force in the industry and, potentially, a consolidator,” Horton said in an interview at Bloomberg’s New York headquarters.
Horton said AMR would like to exit Chapter 11 this year and expects to do so independently, which would mean dodging potential bids from Delta Air Lines Inc. and US Airways Group Inc.
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