Haynes and Boone Assists Client American Airlines In Major Transactions

Sunday, October 4, 2009 - 01:00

Haynes and Boone, LLP assisted client AMR Corporation, parent company of American Airlines and American Eagle, in negotiating $1 billion in liquidity and selecting important new equipment.

As part of a series of actions designed to position American to meet the travel and transportation industry's near-term economic challenges and build its strategy for long-term success, Haynes and Boone assisted the air carrier in its advance sale to Citibank of $1 billion in AAdvantage frequent flyer miles and its selection of General Electric GEnx engines for its future fleet of Boeing 787-9 aircraft.

The transactions were part of a series of AMR initiatives that will bring American $2.9 billion in financing, reposition the carrier's network to take advantage of the changing marketplace and build a foundation for future growth.

For the Citibank deal, Ms. Sharry was joined by partners Sue Murphy, along with associate David Colletti. On the GE engine transaction, Ms. Sharry worked with partner Jim Brashear and associates David Heard and Sakina Rasheed. Dallas associate Bart Biggers assisted others in connection in a related financing with GE Capital Aviation Services for $1.8 billion.

Haynes and Boone, LLP partner Rafael Anchia is the recipient of the 2009 Mexican American Legal Defense and Educational Fund (MALDEF) Matt Garcia Public Service Award, which is presented "to a true advocate and life-long devotee to grassroots organizing and service to the Latino community."

Mr. Anchia, who is serving his third term for District 103 in the Texas House of Representatives, received the honor at MALDEF's 25th Annual San Antonio Awards Gala Sept. 18 at the Westin Riverwalk Hotel. He is currently vice-chair of the Pensions, Investments and Financial Services Committee.