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The prince says he turned the airline around.
The group has proposed buying T.W.A.'s assets for $889 million and investing billions more to turn the airline around.
The last two weeks, which have shaken management and the airline, also may have strenghtened Mr. Burr's ability to turn the airline around.
It has announced it was laying off 1,062 staff and cutting routes to turn the airline around after losing $81m £44mm) in the first half of the year.
[World Business, Section W.] American Airlines asked its unions and other workers for $1.8 billion in annual cost cuts, in what it called a last resort to turn the airline around without filing for bankruptcy.
But two of the biggest unions at US Airways strongly criticized management for failing to deliver on past promises to turn the airline around in exchange for wage and benefits cuts.
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"It gives us a lot more flexibility in moving the airlines around," airport spokeswoman Jenny Wedge said.
It also emerged that Australia's Qantas Airways had been approached about a potential buy-out, said to value the airline at around A$11 billion ($8.5 billion).
The six-day ban cost the airlines around £1.1bn, according to the International Air Transport Association IATAA).
The airline is one of the largest and oldest airlines around, jetting more than 30 million passengers around the world each year.
Chief executive of Ryanair, Michael O'Leary, has an annual salary and bonus of €1.75m - but owns shares in the airline worth around €500m.
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