American asks for another month to file reorganization plan

Posted Tuesday, Oct. 16, 2012 0 comments  Print Reprints
A

Have more to add? News tip? Tell us

American Airlines' parent company, AMR Corp., has asked the bankruptcy judge to give the carrier another 30 days to file its reorganization plan with the court.

AMR currently has until Dec. 28 to file its plan but, in a motion filed on Tuesday, asked that the deadline be extended to Jan. 28. The unsecured creditors committee joined AMR in its motion, supporting the request to push back the deadline.

"The additional thirty days will be used to develop and build consensus for a feasible Chapter 11 plan," the filing said, adding that it will give American more time to negotiate with its pilots union, which is the only unionized work group at the carrier that does not have a new contract agreement in place.

In an interview last week, AMR chief executive Tom Horton said he thought the carrier would be able to file its reorganization plan by the end of the year.

"I think we can do it," Horton said. "Now, we may, I wouldn’t rule out the possibility that we seek an extension. But there is no reason why we can’t have a plan filed by the end of the year."

Looking for comments?

We welcome your comments on this story, but please be civil. Do not use profanity, hate speech, threats, personal abuse, images, internet links or any device to draw undue attention. Comments deemed inappropriate will be removed and repeated abusers will be banned. NOTE: If you log in using your Twitter account, your comments will be signed using the name on your Twitter profile, NOT your Twitter user name. Read our full comment policy.