October 23, 2012
Hedge fund Marathon Asset Management LP on Tuesday asked for an investigation into a $2.26 billion pre-bankruptcy-filing intercompany debt swap between American Airlines Inc. and American Eagle Airlines Inc. that the creditor says may have been improper.
October 19, 2012
Two hedge funds that hold more than $800 million in American Airlines debt blasted AMR Corp. on Thursday for not letting them in on discussions about the company's emergence from bankruptcy, according to a news report Friday.
October 09, 2012
A New York bankruptcy judge declined Tuesday to rule immediately on several pilots groups' bids for a stay pending an appeal of his Sept. 5 ruling that bankrupt American Airlines Inc. parent AMR Corp. can cancel its labor contracts with the Allied Pilots Association.
September 20, 2012
AMR Corp.'s dispute with U.S. Bank Trust NA over the value of airplanes that serve as collateral for $450 million in notes will continue, after a New York bankruptcy judge said Thursday he needs an evidentiary hearing to decide the matter.
September 17, 2012
Two American Airlines customers hit the airline's bankrupt parent with a putative class action in New York federal court Thursday alleging the carrier recently breached a contract by gutting frequent flier rewards for miles earned before 1989.
September 12, 2012
A New York bankruptcy judge on Wednesday greenlighted American Airlines parent AMR Corp. to enter into new collective bargaining agreements with two labor unions after the company resolved a limited objection with the U.S. Trustee office.
September 06, 2012
A New York bankruptcy judge should not approve American Airlines Inc.'s newly forged agreements with two labor unions because of provisions that could leave the company on the hook for as much as $14 million in fees, the U.S. trustee said Wednesday.
September 04, 2012
A New York bankruptcy judge on Tuesday granted American Airlines Inc.'s bid to reject collective bargaining agreements with its pilots, overruling the Allied Pilots Association's argument that new proposed labor cost reductions were greater than necessary for a successful reorganization.
August 31, 2012
The pilots union of bankrupt AMR Corp. asked a New York bankruptcy judge on Wednesday to deny the company's bid to reject its collective bargaining agreement, arguing that new proposed labor cost reductions were greater than necessary for a successful reorganization.
August 29, 2012
Bankrupt American Airlines Inc. parent AMR Corp. said Wednesday that it has the support of a group of "substantial creditors" for its intention to file a Chapter 11 reorganization plan, with the group offering to provide financing to help the debtor along.