After an extended court hearing, a bankruptcy judge in New York delayed his decision on approving American Airlines’ reorganization plan to exit bankruptcy.
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.
We know the merger between American Airlines and US Airways is being delayed from next month until at least the end of the year.
The Justice Department and a number of state attorneys general on Tuesday challenged a proposed $11 billion merger between US Airways Group Inc. and American Airlines’ parent company, AMR Corp.
Creditors are approving the bankruptcy reorganization plan for the parent of Fort Worth-based American Airlines.
US Airways shareholders overwhelmingly approved a proposed merger with American Airlines, bringing the companies closer to creating the world’s biggest airline.
US Airways’ CEO says shareholders have approved the proposed merger with Fort Worth-based American Airlines, one of the final steps remaining in the deal to create the world’s biggest airline.
Officials in Texas and nearly 20 other states may have been reviewing the proposed merger of American Airlines and US Airways for far longer than previously known.
American Airlines and US Airways are facing a lawsuit over their planned merger. It claims that the merger will bring higher fares, fewer flights, and the firing of thousands of employees.
The attorney general of Texas and counterparts in other states joined a U.S. Department of Justice review of the proposed merger between American Airlines and US Airways.
A government analyst says the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers.
There has been a shake-up for the management team at American Airlines. The changes were announced on Monday morning, and are set to start once the company merges with US Airways.