Coverage of the merger between American Airlines and US Airways

American Airlines Owns $30 Million London Home

American bought five-bedroom townhouse 20 years ago

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    NEWSLETTERS

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    American Airlines owns a luxury townhouse in London worth tens of millions of dollars, according to its parent company's bankruptcy filing.

    Reuters reported on Wednesday that experts estimate the property in one of London's most exclusive neighborhoods could be worth as much as $30 million.

    Senior executives have used the five-bedroom home in Kensington, the news service reported.

    First Day in Court in AMR Bankruptcy

    [DFW] First Day in Court in AMR Bankruptcy
    A court hearing Tuesday was just the first of many for American Airlines as it works through bankruptcy.

    American said it bought the home 20 years ago, when prices were lower.

    But the airline is drawing fire because of the home.

    Labor Unions Involved in AA Bankruptcy Process

    [DFW] Labor Unions Involved in AA Bankruptcy Process
    American Airlines' three largest unions will get be on a key committee during the airlines' bankruptcy reorganization process.

    "In this bankruptcy, AMR's executives should lose their house," the president of the Transport Workers Union told Reuters.

    American said it is reviewing all of its real estate holdings.

    More: American Airlines' $30Mln London town house

    American Airlines Bankruptcy:
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    American Airlines Merger:
    Complete coverage of the merger between American Airlines and US Airways into the newly-formed Fort Worth-based company, American Airlines Group (AAL). Click here for more.