It was an odd distinction of honor, yet one to which venerable American Airlines and Gerard Arpey, its chairman and CEO from 2003-2011, proudly clung: The Dallas-based carrier was the only US legacy airline that had never declared bankruptcy. The company’s roots go all the way back to the pioneering days of the 1920s, when Charles Lindbergh piloted DH-4 biplane flights carrying mail between Chicago and St. Louis for Missouri-based Robertson Aircraft Corp., one of a number of ...

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