AMR files bankruptcy exit plan in step towards merger with US Airways
NEW YORK - AMR Corp, the parent company of American Airlines, filed formal plans to exit bankruptcy on Monday, bringing its proposed $11 billion merger with US Airways Group closer to reality.
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Reuters
India's Kingfisher submits plan to regulator to restart airline: CEO
NEW DELHI - India's grounded Kingfisher Airlines has submitted a plan to the country's aviation regulator to restart operations, asking for its license to be renewed with the help of funds from its parent UB Group, its Chief Executive said on Wednesday.
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IAG, Boeing reach deal on 18 long-haul planes
MADRID - International Airlines Group on Wednesday said it had reached a deal with Boeing to convert options into firm orders for 18 long-haul planes.
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IAG in talks with Airbus on A350 order for British Airways: WSJ
Airline holding company International Airlines Group could order Airbus' new A350 long-range aircraft for its British Airways arm as soon as this week, the Wall Street Journal reported on Monday.
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Judge Approves American-US Airways Merger
(NEW YORK) — American Airlines won bankruptcy court approval Wednesday to combine with US Airways and form the world’s biggest airline. “The merger is an excellent result. I don’t think anybody disputes that,” Judge Sean H. Lane said before issuing his decision. (MORE: The Battle for the Future of American Airlines) But the judge declined to sign off on a proposed $20 million severance package for Tom Horton, currently the CEO of American’s parent AMR Corp. The approval is an important milestone for American, which filed for Chapter 11 in November 2011 after having long resisted using the bankruptcy process to cut labor and other costs. The merger still needs approval from Department of Justice antitrust regulators and US Airways shareholders. It is expected to close by the fall. The combined airline will have 6,700 daily flights and annual revenue of roughly $40 billion. The new American Airlines will fly slightly more passengers than United, the current No. 1. It will be run ...
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