Reuters: AMR Bankruptcy Plan Wins Court Approval

Reuters reported a U.S. bankruptcy judge granted AMR approval to emerge from bankruptcy, but implementation requires resolution of the U.S. government’s attempt to block its proposed merger with US Airways Group.

Reuters: Justice Department Opposes AMR CEO’s Severance

Reuters reported that a Justice Department trustee charged with regulating bankruptcy cases in New York filed papers in U.S. Bankruptcy Court arguing that the $20 million severance package for AMR’s chief executive violates bankruptcy law.