Law360, New York (November 29, 2011, 9:03 PM ET) -- American Airlines Inc. on Tuesday won a New York bankruptcy judge's approval to pay its most critical vendors $50 million over the next 21 days in order to keep operating as normally as possible after filing for bankruptcy earlier in the day.
U.S. Bankruptcy Judge Sean H. Lane approved a swath of first-day motions filed by parent company AMR Corp. after it filed for Chapter 11 bankruptcy — the last holdout among major U.S. airlines to seek a court's protection in order to get a handle...
American Airlines Can Make Payments To Keep Flying
To view the full article, take a free trial now.
