December 20, 2012 - Today in bankruptcy court, AMR filed a motion to sell its infamous London townhouse. The sale price is over $23 million. As so many of us will recall, this property continued to receive a great deal of attention from the onset of AA's bankruptcy last November, and some questions about it remain unanswered to this day. In particular, we cannot help but wonder why the Company waited so long to sell the luxury home.

The townhouse has five bedrooms and is approximately 5,242-square feet located in Cottesmore Gardens, a ritzy London neighborhood. The townhome had been the target of critics, stating the property was an example of American’s free spending ways.

Thursday’s motion indicates that with each additional month the Company owns the property “the Debtors could be subject to unnecessary maintenance costs and other fees…” Of course, that did not prevent the Company from holding the property until July (conveniently following the Wimbledon Championships), when it was finally put on the market.