AA urges court to confirm plan despite DOJ
 

http://www.leveragedloan.com/america...e-doj-lawsuit/

American Airlines urged the bankruptcy court overseeing its Chapter 11 proceedings to confirm its reorganization plan, notwithstanding the lawsuit filed earlier this month by the Department of Justice that is seeking to block the company’s merger with US Airways upon which the plan is premised...

In other words, please ignore the 800lb gorilla in the room!

More like, just ignore the yapping little dog known as Eric Holder.

Judge: "I need to go back and look at the transcript... I'm finding the arguments in favor of confirmation persuasive."


Judge clearly hinting he will approve @AmericanAir's turnaround plan, but not today.@nbcdfw

NEW YORK — A federal judge signaled Thursday that he is leaning toward approving American Airlines’ emergence from bankruptcy protection but wanted more time to reflect.

“I’m finding the arguments in favor of confirmation fairly persuasive,” Judge Sean H. Lane said from the bench. He could sign off on American’s restructuring plan at the next hearing on Sept. 12 or in a written decision prior.

Does this mean the judge would be more in favor of siding with the DOJ, or is it completely unrelated?

also, is this to approve the aa/usair plan or the standalone aa plan (which I thought they didn't even have)

I believe it's the Plan of reorganization which includes the merger, not a stand alone plan.

it's to approve the merger, AA has no plan other than this one. Even if the merger fails they will have to start basically from scratch.

This was supposed to be approved on August 15th with today being the official effective date.