Bankruptcy court approves the American-US Airways merger pending government approval

AMR Corporation (American Airlines) (Dallas/Fort Worth) has secured an approval from U.S. bankruptcy judge Sean Lane yesterday for its merger with US Airways. However the merger requires a resolution with the Department of Justice which is going to court to block the proposed merger with the US Airways Group.

The judge also denied a clause that would pay outgoing CEO Tom Horton $19.9 million in severance pay.

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Copyright Photo: Brian McDonough/AirlinersGallery.com. Boeing 737-823 N970AN (msn 30096) completes its final approach into Washington’s Reagan National Airport.

American Airlines: AG Slide Show