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AMR Affidavit

AMR Affidavit

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Published by: DistressedDebtInvest on Nov 30, 2011
Copyright:Attribution Non-commercial


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UNITED STATES BANKRUPTCY COURTSOUTHERN DISTRICT OF NEW YORK---------------------------------------------------------------x:In re : Chapter 11 Case No.:AMR CORPORATION,
et al.
, : 11-_____ (___):Debtors. : (Jointly Administered):---------------------------------------------------------------xAFFIDAVIT OF ISABELLA D. GORENPURSUANT TO LOCAL BANKRUPTCY RULE 1007-2
STATE OF NEW YORK )) ss:COUNTY OF NEW YORK )Isabella D. Goren, being duly sworn, hereby deposes and says:1.
I am the Chief Financial Officer and Senior Vice President of AMRCorporation (“
AMR Corp.
”) and its subsidiary American Airlines, Inc. (“
American Airlines
”).On November 29, 2011 (the “
Commencement Date
”), AMR Corp. and its subsidiariesAmerican Airlines Realty (NYC) Holdings, Inc.; American Airlines; AMR Eagle HoldingCorporation; Americas Ground Services, Inc.; PMA Investment Subsidiary, Inc.; SC Investment,Inc.; American Eagle Airlines, Inc.; Executive Airlines, Inc.; Executive Ground Services, Inc.;Eagle Aviation Services, Inc.; Admirals Club, Inc.; Business Express Airlines, Inc.; Reno Air,Inc.; AA Real Estate Holding GP LLC; AA Real Estate Holding L.P.; American AirlinesMarketing Services LLC; American Airlines Vacations LLC; American Aviation Supply LLC;and American Airlines IP Licensing Holding, LLC (collectively, the “
,” and togetherwith each of their non-Debtor subsidiaries, “
”) each commenced a case under chapter 11 of title 11 of the United States Code (the “
Bankruptcy Code
”). I am knowledgeable and familiarwith the business and financial affairs of AMR. This Affidavit is submitted pursuant to Rule
11-15463-shl Doc 4 Filed 11/29/11 Entered 11/29/11 07:11:11 Main DocumentPg 1 of 92
21007-2 of the Local Bankruptcy Rules for the Southern District of New York (the “
”) for the purpose of apprising the Court and other parties in interest of the circumstancesthat compelled the commencement of the chapter 11 cases and in support of (i) the Debtors’chapter 11 petitions and (ii) the motions and applications that the Debtors have filed with theCourt, including, but not limited to, the “first-day motions” (the “
First-Day Pleadings
”). I amauthorized to submit this Affidavit on behalf of AMR.2.
I have been employed by AMR for twenty-five years. I joined AmericanAirlines as a financial analyst in 1986 and subsequently held managerial positions in thefinancial planning, human resources, and revenue management departments. In 1992, I becameAMR’s director of investor relations, serving as AMR’s primary interface with the Wall Streetcommunity. Between 1994 and 1998, I held positions at AMR Services, a then subsidiary of AMR Corp., following which I was elected a corporate officer of American Airlines and namedvice president of customer services planning. Since that time, I held a number of differentleadership positions before being elected a senior officer of American Airlines in 2006. In Julyof 2010, I became AMR Corp.’s and American Airlines’ Chief Financial Officer. I earned aBachelor of Science degree from the University of Texas and an MBA from Southern MethodistUniversity.3.
Except as otherwise indicated, the facts set forth in this Affidavit are basedupon my personal knowledge, my review of relevant documents, information provided to me byemployees working under my supervision, or my opinion based upon experience, knowledge,and information concerning the operations of AMR and the airline industry. If called upon totestify, I would testify competently to the facts set forth in this Affidavit. Unless otherwise
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3indicated, the financial information contained herein is unaudited and provided on a consolidatedbasis for AMR, which includes certain of its non-Debtor subsidiaries.4.
This Affidavit is intended to provide a summary overview of the businessof AMR and the need for restructuring the business pursuant to chapter 11. Section I describesthe nature of the AMR business. Section II describes the circumstances that compelled thecommencement of the chapter 11 cases. Section III describes the capital structure of AMR andthe potential financial circumstances that will impact the administration of the chapter 11 cases.Section IV identifies the attached schedules of information required by Local Bankruptcy Rule1007-2.
I.AMR’s Business
AMR Corp. was incorporated in October 1982, and virtually all of itsoperations are within the global airline industry. Its principal subsidiary, American Airlines, wasfounded in 1934 and has long been America’s premier flagship airline. As of November 1, 2011,American Airlines had a fleet of over 600 jet aircraft and provided approximately 1,800scheduled daily departures to approximately 160 destinations throughout North America, theCaribbean, Latin America, Europe, and Asia.6.
AMR Eagle Holding Corporation (“
”) is a wholly-owned subsidiaryof AMR. It owns two regional airlines doing business as “American Eagle”: American EagleAirlines, Inc. and Executive Airlines, Inc. The American Eagle fleet and flights operated by anindependent carrier operating as “American Connection” feed passenger traffic to AmericanAirlines pursuant to a capacity purchase agreement under which American Airlines receives allpassenger revenue from flights and pays Eagle and American Connection for the services they
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