Judge likely to OK American Airlines bankruptcy exit - WSFA.com Montgomery Alabama news.

Judge likely to OK American Airlines bankruptcy exit

none none
NEW YORK (AP) -

A federal judge is indicating that he is leaning toward approving American Airlines' emergence from bankruptcy protection but wanted more time to reflect.

Judge Sean H. Lane said from the bench Thursday that he is "finding the arguments in favor of confirmation fairly persuasive."

He could sign off on American's restructuring plan at the next hearing on Sept. 12 or in a written decision prior.

Such a decision would only leave one obstacle - although a big one - to American's proposed merger with US Airways. That would be an antitrust lawsuit filed by the government earlier this month.

Copyright 2013 Associated Press. All rights reserved.

  • NewsMore>>

  • Dems alarmed when WH lawyer shows up at classified briefing

    Dems alarmed when WH lawyer shows up at classified briefing

    Friday, May 25 2018 12:42 AM EDT2018-05-25 04:42:57 GMT
    Friday, May 25 2018 2:50 PM EDT2018-05-25 18:50:45 GMT
    (AP Photo/Jacquelyn Martin). Deputy Attorney General Rod Rosenstein leaves a classified briefing about the federal investigation into President Donald Trump's 2016 campaign, on Capitol Hill in Washington, Thursday, May 24, 2018.(AP Photo/Jacquelyn Martin). Deputy Attorney General Rod Rosenstein leaves a classified briefing about the federal investigation into President Donald Trump's 2016 campaign, on Capitol Hill in Washington, Thursday, May 24, 2018.

    Republican and Democratic lawmakers have received classified briefings about the origins of the FBI investigation into Russia's election meddling.

    More >>

    Republican and Democratic lawmakers have received classified briefings about the origins of the FBI investigation into Russia's election meddling.

    More >>
  • 2 shot, student in custody in IN middle school shooting

    2 shot, student in custody in IN middle school shooting

    Friday, May 25 2018 9:40 AM EDT2018-05-25 13:40:34 GMT
    Friday, May 25 2018 2:51 PM EDT2018-05-25 18:51:06 GMT

    At least three people have been taken to hospitals, and two of those were reportedly shot.

    More >>

    At least three people have been taken to hospitals, and two of those were reportedly shot.

    More >>
  • Trump balks at North Korea's rhetoric but it has used worse

    Trump balks at North Korea's rhetoric but it has used worse

    Friday, May 25 2018 2:22 AM EDT2018-05-25 06:22:51 GMT
    Friday, May 25 2018 2:50 PM EDT2018-05-25 18:50:22 GMT
    A federal judge in New York says President Donald Trump cannot block his critics on Twitter without violating the First Amendment. (Source: CNN)A federal judge in New York says President Donald Trump cannot block his critics on Twitter without violating the First Amendment. (Source: CNN)

    North Korea language was milder than its typical inflammatory, harsh rhetoric but enough for Trump to kill summit.

    More >>

    North Korea language was milder than its typical inflammatory, harsh rhetoric but enough for Trump to kill summit.

    More >>
Powered by Frankly