August 02, 2013
The U.S. trustee objected to AMR Corp.'s second amended joint Chapter 11 plan Friday, saying the plan impermissibly provides a $20 million severance payment for the company's CEO, reimbursement of legal expenses of indenture trustees and an overly broad exculpation provision.
August 01, 2013
AMR Corp. is one important step closer to exiting bankruptcy and effectuating its $11 billion merger with US Airways Group Inc., announcing Thursday that its creditors have voted "overwhelmingly" in favor of its reorganization plan.
July 30, 2013
Cantor Fitzgerald & Co., U.S. Bank NA and the U.S. Airline Pilots Association, alongside others, on Tuesday challenged AMR Corp.’s reorganization plan that would allow it to effectuate a massive merger with US Airways Group Inc.
June 27, 2013
A New York bankruptcy judge on Thursday gave AMR Corp. the go-ahead to sign two key lease deals with airport authorities in Nashville, Tenn., and San Francisco and pay for eight new Boeing 737 aircraft for its fleet.
June 13, 2013
A New York bankruptcy judge ruled Thursday that AMR Corp. can buy back more than $1.2 billion in debt from its noteholders, welcome news for the airline company as it inches closer to its $11 billion merger with US Airways Group Inc.
June 07, 2013
Bankrupt AMR Corp. has reached two key lease deals with airport authorities in Nashville, Tenn., and San Francisco as it inches closer to enacting its $11 billion merger with U.S. Airways Group Inc., the airline told a New York bankruptcy court Thursday.
June 04, 2013
AMR Corp. is a significant step closer to enacting its $11 billion merger with US Airways Group Inc. after a New York bankruptcy judge on Tuesday approved its disclosure statement that will allow the airline to begin soliciting creditor votes for its reorganization plan.
June 03, 2013
AMR Corp. on Monday agreed to retain a frequent flier credit card program with Citibank NA and pay related fees, prompting the bank to withdraw its objection to the airline's disclosure statement.
May 31, 2013
AMR Corp. responded to criticism of its disclosure statement and proposed reorganization plan in New York bankruptcy court Friday, slamming the U.S. trustee for attempting to scuttle the plan over objections to a proposed $20 million severance deal for its outgoing CEO.
May 30, 2013
AMR Corp. on Thursday scored a New York bankruptcy judge's approval to enter a deal that significantly reduces the Federal Aviation Administration's claims against the airline, as well as an agreement outlining the integration of AMR's workers with those at US Airways Group Inc.