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BA, Goldman not planning AMR bid: sources

Fri Feb 16, 2007 7:58AM EST

LONDON (Reuters) - UK airline British Airways (BAY.L: Quote, Profile, Research) and U.S. investment bank Goldman Sachs (GS.N: Quote, Profile, Research) have no current plans to bid for AMR Corp. (AMR.N: Quote, Profile, Research), parent of American Airlines, sources familiar with the matter said on Friday.

The sources spoke after a report in BusinessWeek magazine saying AMR may be a buyout target of a group including Goldman and British Airways. Both BA and Goldman declined to comment.

The proposed bid was said to be between $9.8 billion and $11.1 billion, or $46 and $52 a share, Gene Marcial wrote in BusinessWeek's "Inside Wall Street" column, quoting people familiar with the matter.

It is not certain that a bid for the company will materialize, BusinessWeek said, citing its sources.

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