May 24, 2013
The U.S. trustee in AMR Corp.'s bankruptcy Friday objected to the airliner's disclosure statement and proposed reorganization plan, claiming the plan contained an improper $20 million severance payment to outgoing CEO Tom Horton and impermissibly covered certain creditors' legal fees.
May 10, 2013
AMR Corp. on Thursday reached a settlement with the Federal Aviation Administration that provides the agency with $24.9 million in allowed general unsecured claims and resolves allegations that American Airlines Inc. violated federal regulations before it entered bankruptcy.
May 09, 2013
A New York bankruptcy judge on Thursday signed off on AMR Corp.'s new $3.25 million financing package but put off a ruling on the $15 million in fees requested for the financial advisory firms that worked on the loans, fees protested by the U.S. Trustee's Office.
May 07, 2013
AMR Corp. on Monday urged a New York bankruptcy judge to ignore the U.S. trustee's protests against a $10 million fee for a financial advisory firm that worked on AMR's new $3.25 billion financing package, saying the trustee's arguments are irrelevant.
May 03, 2013
The U.S. Trustee's Office on Thursday objected to $15 million in fees for two of AMR Corp.'s financial advisory firms associated with the $3.25 billion in additional exit financing it recently secured, saying the firms' previous payments were enough.
April 26, 2013
AMR Corp. on Thursday asked a New York bankruptcy judge to sign off on $3.25 billion in exit financing that would be secured by American Airlines Inc.'s assets in its Latin American travel routes and provide extra liquidity for its eventual emergence from bankruptcy.
April 25, 2013
AMR Corp. may be forced to battle $17.7 million in patent infringement claims after a Texas-based company asked a New York bankruptcy judge Wednesday for permission to sue the airline over its alleged infringement of electronic boarding pass patents.
April 23, 2013
A New York bankruptcy judge on Tuesday approved AMR Corp.'s antitrust settlements with Orbitz Worldwide Inc. and airfare distributor Travelport Ltd., ending the companies' two-year battle over online travel pricing and booking.
April 22, 2013
A New York bankruptcy judge on Monday threw out a putative class action against AMR Corp. over changes to a frequent flier reward program, saying the claims are barred because an earlier settlement granted AMR broad authority to alter the program.
April 16, 2013
AMR Corp. on Monday said its existing shareholders can expect around $1.4 billion in recovery when it exits bankruptcy proceedings in New York and finalizes the $11 billion merger with US Airways Group Inc. that will create the world's largest airline.