ATW Editor's Blog

Will American execs lose their London mansion?


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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