Creditors back new board at stand-alone AMR
DALLAS (AP) - A group of creditors says that if American Airlines parent AMR Corp. emerges from bankruptcy as an independent company it should have a new board of directors.
The group represents financial investors that as of September included J.P. Morgan Chase Co. along with various investment firms holding AMR bonds.
AMR filed for bankruptcy protection a year ago Thursday.
It's not unusual for corporate boards to be reshuffled during bankruptcy, although pressure from creditors is usually applied away from public view.
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