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March 28, 2013--Yesterday, Judge Lane heard AMR's motion to authorize the merger agreement between American Airlines and US Airways and all matters relating to it. Judge Lane will take the motion under advisement. The APFA bankruptcy team expects the Court to approve the merger very soon.
The Court's decision will bind the parties to the terms of the merger agreement and will prohibit either company from pursuing other strategic options. The deal is also still pending approval of the Department of Justice, which will then allow the companies to begin implementation.
As a member of the unsecured creditors' committee, APFA President Laura Glading represented APFA at the hearing. "Our team of Flight Attendants and bankruptcy professionals have worked tirelessly to bring this deal to fruition and the Court's approval is an important step in the process," Laura said.
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