American’s New Reorganization Plan Details Cost Cuts For Eagle’s Fleet

By Darren Shannon
Source: Aviation Daily

The April 15 plan of reorganization is another step in American’s merger with US Airways and emergence from Chapter 11. Objections to this plan are due by May 23 and the airline’s bankruptcy court will consider the disclosure statement seven days later.

Creditor and shareholder approval also is required, and a ballot is scheduled for late July, and if granted the company will seek final confirmation of the reorganization plan Aug. 15.

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