American Eagle spun off, AA to keep aircraft, debt, give Eagle USD50 million
Given the fact that American Eagle was actually profitable to the tune of USD40 million in 2010, it is clear American has been working hard over the last few years to do what it could not do for itself: achieve Eagle profitability as it positioned its regional operations for spinoff. Yesterday, on 11-Aug-2011, it filed Form 10, required of all companies wishing to become a publicly-traded entity, with the Securities and Exchange commission in the latest milestone in an effort that dates back to 2008.
