American to Bid for Canadian Airline: AMR...

American to Bid for Canadian Airline: AMR Corp.’s American Airlines unit is preparing to launch a last-minute bid to acquire Wardair, despite a decision by Canadian regulators to approve a previous bid by Calgary, Alberta-based PWA Corp. Donald Carty, AMR’s senior vice president and chief financial officer, said AMR hopes regulators “will give us a little more time to put together the details of a bid.” PWA, which owns and operates Canada’s second-largest airline, offered to pay $14.53 a share for all of Wardair’s Class A and B shares. PWA said it will extend its offer to April 28.