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August 15, 2013

AMR bankruptcy judge wants more info on challenged merger

U.S. Bankruptcy Judge Sean Lane told lawyers at AMR Corp.'s reorganization plan hearing this morning that he has "lingering doubts" whether to confirm the plan, based on the carrier's now-challenged merger with US Airways. The U.S. Justice Department and six states on Tuesday filed an antitrust lawsuit against the airlines.

Lane asked parties for additional briefings on the issue, suggesting he won't approve the plan today. A lawyer for AMR said in court that Lane could still approve the plan, because it would not actually go into effect unless and until the antitrust matter was resolved, Reuters reported.

-- Jim Fuquay

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Comments

Savvy Traveler

I can't believe how totally out of the blue this was. With all the other mergers that have been cleared without a hiccup in the last five years, why are they singling out AA and US Airways for punishment?

It hardly seems fair to stop the merger train just as the last passenger is about to board.

http://frequentflyeracademy.com/department-of-justice-seeks-to-block-american-airlines-us-airways-merger/

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