ADBwilltakeappropriateactions, which includenot financing of the contracts, ifit determines that a conflict of interest has flawed the integrityofanyprocurementprocess.
American has also felt competitive pressures as most of its competitors like Delta, United, US Airways and several similar carriers have reorganized under Chapter 11 Bankruptcy Code in recent years and emerged a stronger competitors as companies have renegotiated labor, supply and financingcontracts that have brought operating costs down.
They had even discussed the possibility of spinning out the drillships division in an IPO, but with the rigs in production still needing financing and contracts that idea is on hold indefinitely.