American Airlines, as a part of its commitment to investigate merger partners during their bankruptcy, has sent out its Non-Disclosure Agreement to all parties interested and confirms that US Airways is one of those parties.  The NDA was crafted by American Airlines and, supposedly, in consultation with creditors.

It’s the last part that has me wondering if US Airways CEO Doug Parker knew something about the NDA coming his way before it showed up.  Parker seemed to qualify what he thought US Airways support would be for the AA bankruptcy process based on what US Airways perceived the merger process to be at AA.  Parker indicated that he thought the NDA would be an indicator of just how “real” and fair AA would approach a merger.

And the fact that he was spinning that NDA 2 weeks ago makes me think that some parties on the unsecured creditors committee leaked details of that NDA to US Airways.  Details that might indicate that the merger process at AA is window dressing rather than real.

I suspect that there might be some kind of gag written into that NDA that prohibits anyone from talking about AA in any way.  and I’m not certain that that is going to fly with US Airways or anyone else for that matter.

Filed under: Airline News by ajax
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