Source: Fort Worth Star-Telegram
Author: Andrea Ahles
American Airlines’ parent company, AMR Corp., announced on Friday that it wants an additional three months to file its reorganization plan with the bankruptcy court.
The carrier and the committee of unsecured creditors have agreed to request the extension, giving AMR until December 27 to file its plan. Currently, AMR’s deadline is September 28.
Any extension of the exclusivity period would likely delay a bid by US Airways, who has publicly said it wants to merge with AMR while the Fort Worth-based carrier is in bankruptcy.
US Airways declined to comment on the extension request.