Daily News: May 10, 2013

American Airlines Receives Court Approval for $3.25B Loans

Bloomberg reported that AMR Corp., the parent of American Airlines, received court approval to borrow as much as $3.25 billion towards its emergence from bankruptcy. The article said the financing will fund reorganization costs and repay existing debt.

To read the entire Bloomberg article, click here.

Previously on abfjournal.com:

American Airlines, US Airways Receive DOJ Request, Tuesday, March 05, 2013