Judge Hints At Helping American Airlines Out Of Bankruptcy | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Judge Hints At Helping American Airlines Out Of Bankruptcy

A U.S. bankruptcy judge on Thursday indicated that he's leaning in favor of a allowing American Airlines to emerge from bankruptcy, clearing a major obstacle to the carrier's planned merger with US Airways.

Judge Sean H. Lane said he is "finding the arguments in favor of confirmation fairly persuasive" to allow American, which filed for Chapter 11 in November 2011, to emerge from bankruptcy.

Lane reportedly could sign off on a restructuring plan for AMR Corp., American's parent, on Sept. 12, according to The Associated Press.

AP says:

"Such a decision would only leave one obstacle — although a big one — to American's proposed merger with US Airways. That would be an antitrust lawsuit filed by the government earlier this month."

We reported about that anti-trust lawsuit, filed by the Department of Justice, earlier this month.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Examining Bill Cosby's Legacy As 'The Cosby Show' Turns 30

As The Cosby Show celebrates its 30th birthday, NPR's Eric Deggans talks with the author of a new Bill Cosby biography on how the show and the comedian have shaped perceptions of black families.
NPR

To Foil Russia's Food Ban, Imported Ingredients Go Incognito

Russia's ban on imported foods hasn't stopped its trendiest restaurants from sourcing top-quality ingredients like Italian cheese and Norwegian fish. How? Just slap on a "made in Belarus" label.
NPR

To Foil Russia's Food Ban, Imported Ingredients Go Incognito

Russia's ban on imported foods hasn't stopped its trendiest restaurants from sourcing top-quality ingredients like Italian cheese and Norwegian fish. How? Just slap on a "made in Belarus" label.
NPR

Retailers' Customers Cautioned As Cyber Attacks Continue

Home Depot says some 56 million card holders were possibly compromised in a cyber attack. It says there's no evidence that debit PIN numbers were comprised or that the breach affected online shoppers.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.