Posted by: pizzainmotion | July 4, 2012

Not A Big Surprise, AA Is Asking For More Time To Control the Bankruptcy Process

Sources are reporting that AMR, the parent of American Airlines, will ask for more time to exclusively file a reorganization plan.

This comes as absolutely no surprise to me since the airlines are still negotiating with the unions.

I’m happy to see the unions and AMR talking again, and happy to see that the rumors are the unsecured creditors are in favor of an extension here.  I’m just not sure I believe it.  I’ll hope this happens in the next few days and AA has more room to navigate through this process without Doug Parker breathing down their neck trying to figure out where his office would be.


Responses

  1. […] admit to being a little surprised, especially with such a quick decision.  I was doubting it a bit just yesterday.  Definitely positive news, although not substantial. Share […]


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