Airport News
Lambert Airport, American Airlines Reach Lease Settlement Agreement
The agreement cuts the airline's flight space in half. Rejection of the agreements could have jeopardized American Airlines service at Lambert-St. Louis International Airport.
Lambert-St. Louis International Airport and American Airlines, Inc. have reached a tentative agreement that will settle American’s financial and operational obligations at the Airport. American’s parent company, AMR Corporation, is currently dealing with Chapter 11 Bankruptcy and the agreement has to be fully approved. The City of St. Louis, which owns and operates the Airport, pursued a negotiated settlement, which includes modifying leases with American Airlines, to avoid a rejection of all existing agreements with the city. Rejection of all agreements could have jeopardized American Airlines service at the Airport and left a lot of upset travelers. “This is an agreement that, once approved, settles American’s account receivable to the …
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