AMR seeks approval to buy back bonds

05/28/2013 | Fox Business

AMR Corp., the parent company of American Airlines, has asked bankruptcy court for approval to buy back bonds. The three sets of notes were issued before the carrier entered bankruptcy in 2011. "Each month, the Debtors are accruing approximately $6 million of interest expense under the Notes in excess of prevailing interest rates," AMR said in its filing.

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