From now on, when American Airlines executives visit London, they are going to have to check into a hotel, like most of us.
That's because the airline, whose parent company filed for bankruptcy last year, notified the bankruptcy judge that it is selling a 5,242-square-foot house it owns in the Kensington district of London.
After marketing the town house for four months, American Airlines has agreed to sell the property for $23 million to CG Property Nominees Limited, according to court records.
The airline filed a notice Wednesday about the pending sale to get the approval of the bankruptcy judge. A hearing on the sale is scheduled for Jan. 9 in New York.