US Airways: American set to file reorganization plan
US Airways said American Airlines is about to spell out plan for emerging from bankruptcy protection after companies merge
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Found 1 month ago on channel
CBS
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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American Airlines requests more time to file reorganization plan
American Airlines parent AMR Corp , which is planning to merge with US Airways Group , has asked a judge for another extension of its exclusive period to file a plan to exit bankruptcy.
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Found more than 1 month ago on channel
Reuters
American Airlines seeks more time to file reorganization plan
AMR Corp has asked a bankruptcy judge for another extension of its exclusive period to file a plan to exit bankruptcy.
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Found more than 1 month ago on channel
Reuters
American Airlines Gets Paint Job
American Airlines parent AMR unveiled a new brand and paint job on Thursday, a sign that the company is preparing to soar again after nearly completing its bankruptcy-court reorganization.
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