Oz Management Reveals New Stake in American Airlines Group Inc (AAL)

Daniel S. Och‘s Och-Ziff Capital Management has disclosed a new stake in the newly formed company American Airlines Group Inc (NASDAQ:AAL). Oz Management revealed holding over 10.3 million shares of the company, the stake representing 6.16% of the company’s common stock. The position is passive by nature and has a value of $257.7 million, at the current stock price of the company.

American Airlines Group

American Airlines Group Inc (NASDAQ:AAL), is a company that was formed after the merger between American Airlines and US Airways Group. The company will operate around 6,700 flights per day, which together with a combined global network will create more benefits for the customers.

The shareholders will also benefit from the deal, as the post-merger company is expected to bring over $1.0 billion in annual net synergies by 2015. Following the reorganization plan, and the plan of merger, the number of outstanding shares of American Airlines Group Inc (NASDAQ:AAL) amounts to some 756.1 million. The company began trading on NASDAQ on December 10.

In this way, American Airlines, and US Airways became wholly owned subsidiaries of American Airlines Group Inc (NASDAQ:AAL). After the merger, American Airlines conducted a private offering and sold around $256 million Class C Certificates.

Analysts divided on this airline future

Barclays have maintained EqualWeight for American Airlines Group, in its post-merger phase, besides revising the price target to $30. Typically, in the US airline industry, airlines in post-bankruptcy phase have underperformed in the US markets. However, Imperial Capital, opines that American Airlines Group will see stocks soar, even as analysts David Fintzen, Isaac  Husseini post under performance comparing them to airlines which went bankrupt before AAL- Delta, NWA, besides UAUA and others.

Disclosure: none

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