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Thread: Not 3 but 4 Wholly-owned subsidiaries🎄

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    Not 3 but 4 Wholly-owned subsidiaries🎄

    0 Not allowed! Not allowed!
    Airlines under the American Airlines Group.

    Wholly-owned subsidiaries under the American Airlines Group include the following:

    * American Airlines;
    * Envoy Air Inc;
    * Piedmont Airlines Inc;
    * PSA Airlines Inc.

    American Airlines Group Inc. is the holding company of American Airlines and was established in Dec-2013, following the merger of AMR Corporation (American Airlines) and US Airways Group Inc. (US Airways). AMR owns 72% of the parent company, while US Airways shareholders own the remaining 28%. The company is listed on the NASDAQ Global Select Market (NASDAQ: AAL).

    American Airlines Group also holds a 10% stake in Mesa Air Group (carried over from the stake held by the former US Airways Group), operating under the American Eagle brand, as well as a 2.68% stake in China Southern Airlines.
    I always tell the truth. Even when I lie.

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    The only barrier delineating those 4 subsidiaries is one subsidiaries scope provisions. If..........oops, when that barrier in knocked down, EVERYTHING changes. Everything.

    Caveat Emptor.

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