AMR Judge Greenlights Union Integration, FAA Deals
By Maria Chutchian
Law360, New York (May 30, 2013, 3:40 PM ET) -- AMR Corp. on Thursday scored a New York bankruptcy judge's approval to enter a deal that significantly reduces the Federal Aviation Administration's claims against the airline, as well as an agreement outlining the integration of AMR's workers with those at US Airways Group Inc.
The FAA settlement provides the agency with $24.9 million in allowed general unsecured claims and resolves allegations that AMR's American Airlines Inc. violated federal regulations before it entered bankruptcy. The deal resolves the $162 million in claims asserted by the FAA against...