A PYMNTS Company

US: DOJ airline suit throws wrench in AMR restructuring plans

By  |  August 16, 2013

A bankruptcy judge delayed an approval of the restructuring for AMR’s restructuring plan for American Airlines, citing the Department of Justice’s lawsuit filed to block American’s proposed merger with US Airways filed last week. The acquisition of US Airways, which is on course to result in the world’s largest airline, is part of AMR’s wider agenda to exit bankruptcy, a status held since 2011. Plans were thwarted when the DOJ sued to block the $11 billion deal last Tuesday, however. Bankruptcy Judge Sean Lane was expected to approve of the restructuring deal last Thursday were it not for the government’s lawsuit. Now, AMR has until August 23 to submit briefs for the judge with more information on why the restructuring plan is appropriate in the light of the DOJ’s lawsuit.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Global Post

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.