AMR Corp. said its creditors and shareholders voted overwhelming to approve the Fort Worth-based carrier's restructuring plan which includes merging with US Airways.
In the vote results released Thursday morning, AMR said at least 88 percent of the creditor ballots in each creditor class received voted in favor of AMR's plan to exit bankruptcy. The parent company of American Airlines said more than 99 percent of the shares of AMR's stockholders voted to accept the plan as well.
"This is another important milestone toward our launch of the new American. The overwhelming support for our Plan of Reorganization is a testament to the resilience and hard work of the entire American team," said AMR chief executive Tom Horton.
The bankruptcy court is holding a hearing on August 15 to confirm or reject the restructuring plan. AMR said it expects to emerge from Chapter 11 bankruptcy protection at the same time it closes its merger with US Airways.
The merger is pending government approval and both carriers expect the deal to close in the third quarter.