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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
_____________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of earliest event
reported: April 1, 2003
American Airlines, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-2691 13-1502798
(State of Incorporation) ( Commission File Number) (IRS Employer
Identification No.)
4333 Amon Carter Blvd. Fort Worth, Texas 76155
(Address of principal executive offices) (Zip Code)
(817) 963-1234
(Registrant's telephone number)
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Item 5. Other Events
American Airlines, Inc. (American or the Company, a wholly owned
subsidiary of AMR Corporation) is filing herewith a press release
issued on April 1, 2003 by American as Exhibit 99.1 which is
included herein. This press release was issued to announce that
American will be relying on the grace periods included in certain
of its debt and lease obligations while it continues negotiating
restructuring agreements with its various stakeholders.
Item 7. Financial Statements and Exhibits
The following exhibits are included herein:
99.1 Press Release
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
American Airlines, Inc.
/s/ Charles D. MarLett
Charles D. MarLett
Corporate Secretary
Dated: April 1, 2003
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EXHIBIT INDEX
Exhibit Description
99.1 Press Release
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Exhibit 99.1
Contact: Corporate Communications
Fort Worth, Texas
817-967-1577
corp.comm@aa.com
FOR RELEASE: Tuesday, April 1, 2003
AMERICAN AIRLINES WILL USE GRACE PERIODS FOR CERTAIN DEBTS
FORT WORTH, Texas - American Airlines announced today that
in light of its precarious financial condition it will be relying
on the grace periods included in certain of its debt and lease
obligations while it continues negotiating restructuring
agreements with its various stakeholders.
The company reached significant tentative agreements with
its three organized labor unions yesterday, a major step forward
in achieving the company's continued preference for a consensual
solution to its financial restructuring.
Still, American's financial condition is weak and its
prospects remain uncertain. Not only must American Airlines
secure ratification of its new union agreements, but the company
absolutely must secure meaningful concessions from its vendors,
lessors and suppliers.
- more -
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American Uses Grace Period
April 1, 2003
Page 2
Given the impact of the continuing war in Iraq and the weak
economic conditions that are negatively impacting both American
and the industry, the days ahead will be difficult and the
success of our joint efforts is not yet assured. However, the
company remains optimistic that with meaningful cooperation from
all parties involved in the consensual restructuring process,
American's ability to succeed in these challenging times is
significantly improved.
Statements in this report contain various forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, which represent the Company's
expectations or beliefs concerning future events. When used in
this document and in documents incorporated herein by reference,
the words "expects," "plans," "anticipates," "believes," and
similar expressions are intended to identify forward-looking
statements. Other forward-looking statements include statements
which do not relate solely to historical facts, such as, without
limitation, statements which discuss the possible future effects
of current known trends or uncertainties, or which indicate that
the future effects of known trends or uncertainties cannot be
predicted, guaranteed or assured. All forward-looking statements
in this report are based upon information available to the
Company on the date of this report. The Company undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events
or otherwise. Forward-looking statements are subject to a number
of factors that could cause actual results to differ materially
from our expectations. Additional information concerning these
and other factors is contained in the Company's Securities and
Exchange Commission filings, including but not limited to the
Form 10-K for the year ended Dec. 31, 2001.
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Current AMR Corp. press releases can be found on the Internet.
The address is http://www.amrcorp.com