FL Group of Iceland raised its stake in American Airlines parent AMR Corp. to 8.63%. The company purchased a 5.98% share in December (ATWOnline, Jan. 3) and now with the additional investment "appears" to be AMR's largest single shareholder, the Fort Worth Star Telegram reported. "We have been following the airline industry in the US and we believe AMR Corp. presents strong prospects for 2007," FL CEO Hannes Smarason said.

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