KXII - Fox - Home - Headlines

AMR wants more time to file bankruptcy plan

Print
By: From Wire Reports
Posted: Fri 3:25 PM, Nov 30, 2012

FORT WORTH, Texas (AP) - American Airlines parent AMR Corp. and its creditors want six more weeks to complete a bankruptcy-restructuring plan.

AMR and a committee for unsecured creditors filed a motion Friday to extend the company's exclusive right to file a reorganization plan from Jan. 28 - to March 11.

Fort Worth-based AMR says it needs more time because of the size and complexity of the task, and because it has spent so much time reworking labor deals with its unions.

A hearing is set for Dec. 19 in bankruptcy court in New York. It would be the fourth extension of exclusive rights for AMR since the company filed for bankruptcy protection in November 2011. The other requests were approved.

AMR has been considering a potential merger with US Airways Group Inc.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

FOX Poll

There are currently no active polls at this time.
Click here to view other polls on our site and past poll results.
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 181595781