AMR Corp. (AMR), the bankrupt parent of American Airlines, won permission to reject some of its leases on about 900 aircraft as it reorganizes with a more competitive fleet.
U.S. Bankruptcy Judge Sean Lane in Manhattan court today granted the third-largest U.S. airline company’s request to end contracts including those for engines and related equipment after AMR made changes in its plan to resolve objections by City National Bank, U.S. Bank National Association and AWAS Aviation Services Inc. AMR didn’t say how much money was involved.
http://www.bloomberg.com/news/2011-12-22/amr-can-reject-some-engine-aircraft-leases-bankruptcy-court-judge-rules.html?cmpid=yhoo
U.S. Bankruptcy Judge Sean Lane in Manhattan court today granted the third-largest U.S. airline company’s request to end contracts including those for engines and related equipment after AMR made changes in its plan to resolve objections by City National Bank, U.S. Bank National Association and AWAS Aviation Services Inc. AMR didn’t say how much money was involved.
http://www.bloomberg.com/news/2011-12-22/amr-can-reject-some-engine-aircraft-leases-bankruptcy-court-judge-rules.html?cmpid=yhoo