Skift Take
The details of American Airlines’ reorganization plan and the fate of CEO Tom Horton’s $19.5 million golden parachute should become clear over the next few days.
American Airlines is about to spell out its plan for emerging from bankruptcy protection after merging with US Airways.
US Airways Group Inc., whose CEO will run the combined company, said in a message to employees that American was expected to file its reorganization plan later Monday in federal bankruptcy court in New York. American confirmed the report.
Subscribe to Skift Pro to get unlimited access to stories like these
{{monthly_count}} of {{monthly_limit}} Free Stories Read
Subscribe NowAlready a member? Sign in here
Subscribe to Skift Pro to get unlimited access to stories like these
Your story count resets on {{monthly_reset}}
Already a member? Sign in here
Subscribe to Skift Pro to get unlimited access to stories like these
Already a member? Sign in here
