After nearly two years, American Airlines has just been cleared for takeoff from bankruptcy, and can now merge with US Airways. The deal is set to be closed on December 9.
Casey Anthony has reached a settlement in her bankruptcy case with a Texas search group that helped look for her missing 2-year-old daughter.
The Justice Department asked for a delay in the trial over the merger of American Airlines and US Airways because of the shutdown of the federal government.
American Airlines said that it will hire 1,500 pilots over the next five years, and recall the airline’s pilots who have been furloughed. The carrier plans to start recruiting this fall.
American Airlines and US Airways on Monday morning agreed to extend their merger agreement, pushing back the date that either carrier could terminate their merger plan.
Hundreds of American Airlines and US Airways employees rallied outside of Capitol Hill on Wednesday to build support for the airlines’ proposed $14 billion merger.
A federal judge is approving American Airlines’ plan to emerge from bankruptcy protection and merge with US Airways, although the airlines must still resolve their lawsuit with the federal government, which is trying to block the merger.
American Airlines and US Airways said late Tuesday that the government’s opposition to their planned merger shows that it does not understand the airline industry.
American Airlines said that its July profit doubled to $292 million as it benefited from a busy summer travel season and cost-cutting from its bankruptcy reorganization.
A judge asked American Airlines’ lawyers to explain why he should approve the company’s plan to merge with US Airways and exit bankruptcy protection while the merger is being challenged by the federal government.
Detroit has become the largest city in U.S. history to file for bankruptcy.
The parent of American Airlines is reporting a $220 million profit for the second quarter as its cost-cutting from its bankruptcy reorganization kicked in.