AMR Gets OK On Purchase Deals With Boeing, Airbus, Others

Law360, New York (January 23, 2013, 8:43 PM EST) -- A New York bankruptcy judge on Wednesday approved four settlements allowing AMR Corp. to assume aircraft and engine purchase agreements with Boeing Co., General Electric Co., Rolls-Royce PLC and Airbus SAS that the bankrupt company said is critical to its eventual exit from bankruptcy.

U.S. Bankruptcy Judge Sean Lane signed off on the deals, which allow the Fort Worth, Texas-based American Airlines parent to maintain contractual relationships with the four companies by assuming purchase agreements signed before AMR entered Chapter 11 or enter into new ones....
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