AMR shedding ATRs?

Abernathy

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AMR ATR leaseback

Came across this article today from avtoday:
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AMR Sells ATRs

In a sale and leaseback deal, AMR Leasing Corporation sold its 39 ATR 72 operated by American Eagle Executive Airlines to Nordic Aviation Capital A/S (NAC) and KIRK Kapital A/S for a sale and leaseback transaction with AMR Leasing Corporation. AMR Leasing Corporation will sell the ATRs to an entity that will lease the aircraft to NK Aviation Limited, Ireland, a newly formed joint venture between NAC and Kirk Kapital A/S. Executive Airlines will lease the aircraft back through a sublease structure and will continue to be the operator of the aircraft. NAC will be the servicer for the aircraft. KIRK Kapital A/S is a Danish investment company, which was established in 2007. Its headquarters is in Vejle, Denmark. KIRK is owned by descendants of the founders of LEGO, Denmark.

Source: http://www.avtoday.com/ran/topstories/28117.html

This is the first I've heard of this. Then again, I'm usually the last to know about anything.
 
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Abernathy

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Looks like they'll still be flying them, though. Didn't catch where they were referring to American Eagle as Executive Airlines.

Tried to change the title on the main page but it wouldn't work.
 
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jspilot

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Puts them in a better position to start replacing the atr's
 

Aerosurfer

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Looks like they'll still be flying them, though. Didn't catch where they were referring to American Eagle as Executive Airlines.
One and the same. Executive the Certificate that was held after all the Eagle mergers in the 90s, they just kept all the ATRs on the Executive certificate. Basically its an internal airline transparent to everyone not involved
 
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