American Airlines Reorganization Plan Gets Formal Approval
This is the formal approval of the reorganization plan that the court promised a month ago. If US Airways and American settle the Justice Department’s antitrust suit, the settlement would have to be reviewed to assess its impact.
Excerpt from Dallas Morning News
U.S. Bankruptcy Judge Sean Lane said Sept. 12 he would do so, and sure enough he got around to doing it on Monday.
Judge Lane formally confirmed the plan of reorganization proposed by American Airlines and parent AMR, with a caveat that he wasn’t passing judgment on an antitrust lawsuit that could block the plan’s implementation.