American reorganisation decision delayed by bankruptcy court – Flightglobal.com


An American Airlines 737-800 pictured at Atlanta Hartsfield International in April wearing the new color scheme. Photo: Andrew Thon – OPShots Contributor //

A US bankruptcy court judge deferred making a decision on American Airlines’ reorganisation plan until at least 29 August, as the court awaits briefs on the impact of a US government challenge to the carrier’s proposed merger with US Airways.Judge Sean Lane set a deadline of 23 August for the briefs from Forth Worth-based American and the carrier’s unsecured creditors committee, as well as any other interested parties, during a hearing in New York today. He adds that the date is flexible if any party needs more time.”Everyone can weigh in, including US government,” he says, noting that no representative of the US Department of Justice DOJ was present in court today.The DOJ, as well as attorney generals from six states, filed a suit challenging the proposed merger in the US District Court for the District of Columbia on 13 August. Both the agency, as well as American and US Airways intend to take the case to court.Lane said earlier in the day that he has “lingering doubts” on confirming a reorganisation plan centred on a merger that is being challenged by the government in court.

via American reorganisation decision delayed by bankruptcy court.

About the author

Chuck Slusarczyk Jr.

I started OPShots in June 2006 as a place to share and display aviation photos without the often restrictive policies of other aviation websites. I want to share my love of aviation with fellow aviation geeks and provide a spotlight on Cleveland Hopkins International airport in the process.

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