CHICAGO — Three months into its Chapter 11 bankruptcy, American Airlines Inc. has begun to show its hand to investors holding $3.2 billion of the carrier’s special facilities revenue bonds by making good — at least for now — on some debt-related payments while moving as expected to shed other obligations.

The airline’s intentions have become clearer from recent court and regulatory filings and trustee notices, while one analytic report this week has offered an assessment of the bonds’ standing based on the latest developments.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.