December 17, 2012
AMR Corp. responded Monday to objections to its bid for permission to eliminate lump-sum pension payments for pilots by reiterating its argument that the availability of the lump-sum option upon its emergence from Chapter 11 would cause an "operational crisis."
November 30, 2012
AMR Corp. and its unsecured creditors committee requested yet another extension of the debtor's exclusive right to file a Chapter 11 plan Friday, saying ongoing labor negotiations have taken most of its attention away from working out a viable plan.
November 29, 2012
A New York bankruptcy judge declined to rule Thursday on American Airlines Inc. parent AMR Corp.'s bid to dismiss a putative class action alleging the airline breached a contract by gutting frequent flier rewards for miles earned before 1989.
November 26, 2012
AMR Corp. asked a New York bankruptcy judge Friday to approve an amended pension plan for its pilots based on a new U.S. Department of the Treasury rule letting debtors eliminate lump-sum retiree benefits, saying it's necessary for a Chapter 11 emergence.
November 16, 2012
The US Airline Pilots Association asked a New York bankruptcy judge Friday for permission to investigate a possible tie-up between American Airlines Inc. and US Airways Group Inc., saying the suitor airline's pilots union has been denied critical information about future labor arrangements.
November 14, 2012
A New York bankruptcy judge on Tuesday let hedge fund Marathon Asset Management LP withdraw its request for an investigation into a $2.26 billion prebankruptcy debt swap between American Airlines Inc. and fellow AMR Corp. unit American Eagle Airlines Inc.
November 09, 2012
The U.S. Department of the Treasury and the Internal Revenue Service finalized a rule change Thursday to ease pension rules for bankrupt companies, a move that will allow American Airlines Inc. to freeze and retain pilot pension plans instead of cutting them.
November 08, 2012
U.S. Bank Trust NA, the trustee under aircraft agreements with American Airlines Inc., sued the debtor in New York bankruptcy court on Wednesday, saying it must make the bank whole for its refinancing of secured notes because that refinancing had nothing to do with the bankruptcy.
November 02, 2012
AMR Corp. asked a New York federal judge Thursday to toss hedge fund Marathon Asset Management LP's proposed investigation into a $2.26 billion prebankruptcy filing debt swap between AMR subsidiary American Airlines Inc. and American Eagle Airlines Inc., saying it would delay restructuring.
October 30, 2012
The Allied Pilots Association on Tuesday indicated that a labor agreement with American Airlines Inc. could be just days away if the airline and its bankrupt parent, AMR Corp., are willing to cede some ground.