A group of AMR Corp. bondholders with about $885 million in debthas told pilots that its support for a stand-alone AmericanAirlines after bankruptcy would be conditioned on the appointmentof a new board.

The debt owners detailed that stance in a letter to AlliedPilots Association President Keith Wilson that was posted on aportion of the union website yesterday. According to a Septembercourt filing, the group included JPMorgan Chase & Co. andPentwater Capital Management LP.

While the ad hoc bondholders don't hold a seat on AMR'sunsecured creditors committee, the group has come together to seekan official voice in the restructuring. Fort Worth, Texas-based AMRhas said it prefers to leave bankruptcy as an independent company,while US Airways Group Inc. has been pushing for a merger with thethird-largest U.S. airline.

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