American paid $12.375 million to advisors/consultants for bankruptcy-related services in the past year

According to the financial statement of American Airlines filed in bankruptcy court on Monday, the carrier paid $12.375 million to nine different advisors and consultant firms related to its bankruptcy filing.

The payments were made within the past year immediately prior to its bankruptcy filing made in November. The statement said that these payments were made for “consultation concerning debt consolidation, relief under the bankruptcy law or preparation of the petition in bankruptcy.”

Here is the list of firms and how much they were paid.

Name of Firm Amount Paid
Debevoise & Plimpton $66,960
Groom Law Group $197,726
Paul Hastings $2,000,000
Weil Gotshal Manges $7,665,000
2020 Venture Partners $75,000
Deloitte Financial Advisory $681,532
Perella Weinberg Partners $142,500
Rothschild $1,090,000
Skyworks Capital $456,982
Total $12,375,700

-Andrea Ahles