Judge signals support for American-US Air merger, but doubts Horton package
Skift Take
The merging airlines have argued that Horton's package shouldn't be considered in the bankruptcy hearing since he'll be paid after the exit and once the consummation is complete. While it violates the spirit of the law, the judge will ultimately decide if the letter is violated, too.
American Airlines Chief Executive Officer Tom Horton’s $20 million severance is holding up the airline’s bid to win court approval for its merger with US Airways Group Inc.
U.S. Bankruptcy Judge Sean Lane in Manhattan today questioned American’s request now for approval of the severance package, which has drawn opposition from the U.S. government’s bankr
