"LCC's desire to merge with AMR is well known and we believe LCC will go to great lengths to execute a merger, but LCC won't wait around forever to be used as a tool to create negotiating leverage by labor or creditors," Keay wrote. "We also believe LCC probably has the means and the stomach to pursue alternative strategies."
-- Written by Ted Reed in Charlotte, N.C.>To contact the writer of this article, click here: Ted Reed
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