AMERICAN TO EXIT CHAPTER 11 AND MERGE WITH US AIRWAYS DEC. 9

 

 The US Bankruptcy Court has approved the recent Department of Justice settlement regarding the merger between American Airlines and US Airways.

It also ruled the merger can go ahead despite the pendency of a private antitrust lawsuit.

As a result, American’s parent company, AMR Corporation, has proposed December 9 as the date of the Plan of Reorganization.

If the schedule goes as planned, the last day of trading for AMR and US Airways Group will be December 6
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