Tag Archives: unsecured creditors

American Airlines asks the bankruptcy court for more time to reorganize

American Airlines (Dallas/Fort Worth) and its unsecured creditors committee according to this Reuters report have asked the U.S. Bankruptcy Court “to extend the period during which creditors cannot pursue their own restructuring plans for the airline to April 15. That replaced a January request to extend the time to April 1.”

Read the full report: CLICK HERE

Meanwhile American continues its merger discussions with US Airways.

Copyright Photo: Rodrigo Cozzato. As reported yesterday, brand new Boeing 777-323 ER N718AN (msn 41665) completed its first revenue flight from Dallas/Fort Worth to Sao Paulo (Guarulhos). The first arrival yesterday at Sao Paulo is captured in this historic photo. N718AN also displays the new 2013 color scheme and new brand for the company.

Hot New Photos: AG Hot New Photos

American Airlines: AG Slide Show

American Airlines 2013 logo

Unsecured creditors give American until December 27 to work out their own reorganization plan

American Airlines (Dallas/Fort Worth)’ unsecured creditors are giving AMR some space and time to work out their own reorganization plan. This time period will keep US Airways (Phoenix) away (for now) if the bankruptcy court grants this motion to AMR management.

The company has issued this short statement:

“AMR Corporation, the parent company of American Airlines, yesterday (June 29) announced that the Company and the Official Committee of Unsecured Creditors (UCC) have agreed to jointly request that the United States Bankruptcy Court for the Southern District of New York extend exclusivity for AMR to file its Plan of Reorganization to December 27, 2012.”

US Airways and the unions have not yet commented on this statement. Stay tuned.

Copyright Photo: Luimer Cordero.