AA Asks Judge for 30 Additional Days to File Their Plan to Exit Chp 11

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  1. DestinationDavid
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    American Airlines’ parent AMR Corp. today asked a bankruptcy court judge for a 30-day extension to file its plan to exit bankruptcy reorganization.

    American has requested that its so-called exclusive period be extended from Dec. 28 to Jan. 28, according to a court document jointly filed today by the airline and its unsecured creditors committee.

    An extension is “warranted and appropriate given the size and high-level complexity of these chapter 11 cases and the progress made as to American’s business and operations,” the court filing said. “The relief requested will allow American to continue focusing on preserving and enhancing going concern values and restructuring American’s financial condition and operations to achieve a competitive and sustainable cost structure.”

    American releases its third-quarter financial results tomorrow.
     
    LETTERBOY and MX like this.

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