ATW Editor's Blog

Will American execs lose their London mansion?

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As they adjust to their new business status operating in Chapter 11, AMR Corp execs may have to shed themselves of some perks of the job; like staying in a $30 million des-res in one of London's most exclusive neighborhoods.

Reuters has unearthed this gem of information from deep in American's Chapter 11 filing. Turns out that the airline owns a luxury townhouse in Kensington, just 10 mins walk from where Princess Di lived and which remains a popular spot with Earls and London's jetset.

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