AA Asks for Another Extension on Business Plan

Written By Unknown on Minggu, 13 Januari 2013 | 14.01

Getty Images

The Fort Worth-based airline asked for an extension until April 1. It's the fifth time the carrier has asked to delay the process.

advertisement

Click Here!

American Airlines late Friday asked a bankruptcy judge for a delay in filing a business plan to emerge from restructuring -- a sign a consensual merger with US Airways is unlikely anytime soon.

The Fort Worth-based airline asked for an extension until April 1.

It's the fifth time the carrier has asked to delay the process.

American was joined in the request by the influential Unsecured Creditors' Committee, or UCC.

The airline has made "significant progress" in its restructuring effort but still needs more time, the company said.

"The work proceeds on many fronts concurrently, but is time and resource demanding, and therefore, additional time is necessary," the airline's attorneys wrote.

The board of directors of American's parent company, AMR Corp., met this week but made no announcements.

Friday's request, filed as the bankruptcy court in New York closed for the day, is an indication the airline has chosen to continue to evaluate its options and has decided not to pursue an immediate merger with US Airways.

Get the latest headlines sent to your inbox!


Anda sedang membaca artikel tentang

AA Asks for Another Extension on Business Plan

Dengan url

https://televisionlocaliton.blogspot.com/2013/01/aa-asks-for-another-extension-on_13.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

AA Asks for Another Extension on Business Plan

namun jangan lupa untuk meletakkan link

AA Asks for Another Extension on Business Plan

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger