AMR Calls Delay of Bankruptcy Plan Approval ‘Destabilizing’
Bloomberg reported that AMR told a bankruptcy judge that its reorganization plan should be approved even though the U.S. Justice Department has sued to block a merger with US Airways that underpins the plan.
Bloomberg notes that AMR, the parent company of American Airlines, said in a court filing, that waiting to resolve the government’s antitrust case would be “destabilizing.”
In a press release, AMR and US Airways said they have a filed a motion with the court requesting a trial date of November 12, 2013.
To read the full Bloomberg story, click here.
For the Justice Department news release in its entirety, click here.
To read the entire AMR and US Airways news release, click here.