American Airlines seeks more time for plan
BY KYLE ARNOLD World Staff Writer
Thursday, March 14, 2013
American Airlines' parent company, AMR Corp., is asking for six more weeks to present a bankruptcy reorganization plan, according to documents filed in the United States Bankruptcy Court for the Southern District of New York Thursday.
AMR has until April 15 to present an exclusive plan to reorganize the company, including a framework for the pending merger with US Airways.
The company is now asking to extend that deadline to May 29. The motion is expected to be heard on March 27 when Judge Sean Lane also considers the US Airways merger proposal.
AMR Corp. filed for reorganization bankruptcy in November 2011, the last of the major air carriers to do so. The case has yielded billions in cuts, including layoffs that trimmed some workers at the American Airlines maintenance base in Tulsa.
The company still expects to emerge from bankruptcy during the third quarter of 2013 and officially merge with US Airways then.
American currently employs 6,200 in Tulsa.
Associated Images:
American Airlines supervisor Steve Yates moves a ladder at the American Airlines Maintenance Base in Tulsa in February. AMR and U.S. Airways announced their merger on Feb. 14. STEPHEN PINGRY/Tulsa World
|
