Business

American Airlines Set To File Reorganization Plan

(credit: Chuck Schechner/KRLD)

(credit: Chuck Schechner/KRLD)

DALLAS (AP) — US Airways says American Airlines is about to spell out its plan for emerging from bankruptcy protection after the two companies merge.

US Airways, whose CEO will run the combined company, said that American was expected to file its reorganization plan later Monday in federal bankruptcy court in New York.

The court has already signaled approval for the merger, which would create the world’s largest airline.

The deal faces only a few more hurdles, including approval from the U.S. Justice Department and US Airways shareholders.

American Airlines and parent AMR Corp. filed for bankruptcy protection in November 2011.

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 This material may not be published, broadcast, rewritten or redistributed.)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