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Statement by Port Authority of NY & NJ Executive Director pat foye on American Airlines announcement

01-Feb-2012 Port Authority of New York and New Jersey Executive Director Pat Foye today issued the following statement on American Airlines’ bankruptcy reorganization plans:

"American Airlines has been a mainstay at the Port Authority's New York airports for 80 years, having developed a $1.3 billion state-of-the-art terminal at JFK and investing $30 million more in improvements to LaGuardia Airport. We look forward to our continued long-term partnership and support American and its represented employees in working together to emerge from bankruptcy so they can continue to serve our region and its air travel needs, while minimizing job loss in our region in the short term and increasing jobs and competition in the long term.”