These are some clippings from the article:
They (Companies) gab with unions that represent their workers and creditors and banks that hold their debt. Some even put out press releases telling the world just how well they’re doing.
It ordered $38 billion worth of planes four months before submitting its Chapter 11 petition — hardly a distress call about what was to come. Nor did it tell its unions that its latest offer to them would be its last before a bankruptcy filing.
The cunning with which AMR carried out its pre-Chapter 11 business and its long resistance to bankruptcy when so many of its rivals filed so readily shows that the Fort Worth-based carrier has no interest in the kind of quick, well-oiled bankruptcy proceeding, where financing and reorganization plans have been vetted, voted on and delivered with a blow in the bankruptcy petition itself. Instead, AMR has girded for a fight.
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