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Creditors group backs new board at stand-alone AMR

February 19. 2013 7:42PM
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(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.

Associated Press

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