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AMR Starts Exploring Merger Possibilities

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American Airlines parent AMR Corp., which recently committed to exploring possible merger scenarios as an alternative to its plan to emerge from bankruptcy reorganization on its own, sent a nondisclosure agreement to suitor US Airways Group Inc., the Wall Street Journal reported yesterday. US Airways late on Friday said that it received the nondisclosure agreement and is reviewing it, but declined further comment. Earlier, in consultation with AMR's creditors committee, the Fort Worth, Texas-based airline targeted deal exploration with US Airways and four smaller carriers: JetBlue Airways Corp.; Alaska Air Group Inc.; Republic Airways Holdings Inc.'s Frontier Airlines unit; and closely held Virgin America.