Delta Air Lines is considering a bid for American Airlines parent AMR Corp. in bankruptcy court, according to a Wall Street Journal report published Thursday afternoon.
American Airlines Airbus A321.
ALSO: American’s Bankruptcy Miracle
The report also named TPG Capital as a possible suitor for American. TPG was formerly known as Texas Pacific Group, best known in the travel space as the equity firm that bought out Continental Airlines in the 1990s. TPG has also invested in America West and Midwest Airlines in the 2000s, and worked with American in a failed 2009 bid for Japan Airlines.
TPG also owns the highly influential flight booking tech firm Sabre Holdings.
American Airlines filed for Chapter 11 bankruptcy protection on November 29, 2011.
UPDATE 4:20pm ET: US Airways is also considering a bid, according to WSJ.
