Serial airline investor FL Group was busy over the holidays, announcing that it had purchased a 5.98% stake in American Airlines parent AMR Corp. for more than $400 million and selling LCC Sterling Airlines for €210 million ($277 million) in cash and a three-year shareholder loan to Icelandic consortium Northern Travel, of which FL Group is a member. FL Group now is AMR's third-largest shareholder with 12.8 million shares. It said it has been building the stake "for a considerable ...

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