AA to Offer $1 Billion in Notes

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    American Airlines Inc. said Monday it has launched a private offering of $1 billion in senior secured notes.

    The notes are expected to be secured by certain of the company's route authorities, airport landing and take-off slots and rights to use or occupy space in airport terminals.

    Proceeds from the offering of the notes are expected to be used for general corporate purposes.

    American Airlines is operated by parent company AMR Corp.