Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: AIRLINES Date: Thu, 5 Nov 92 06:55:12 EST Message-ID: HEADLINE: AIRLINES Publication Date: Wednesday November 4, 1992 BYLINE: American Agrees to Buy Texas Commuter Airline: American Airlines and one of its sister companies have agreed to buy a Texas-based commuter airline for $40 million, settling a battle over the small carrier's right to operate under the American Eagle logo. Metroflight Inc. serves 24 cities in Texas, Louisiana, Arkansas and Oklahoma, chiefly feeding passengers to American's Dallas-Ft. Worth hub. It will be purchased from Metro Airlines Inc., a firm that has operated under U.S. bankruptcy court protection since April, 1991. American's sister company, Simmons Airline Inc., will pay $10 million for most of Metroflight's assets and assume $29 million of Metroflight's debt, according to documents filed in federal bankruptcy court. American has agreed to pay Metro's creditors $4 million to settle a 1991 lawsuit over American's attempt to get out of a contract with Metro, the documents said. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM