$11B AMR, US Air Merger Backed By Creditor Committees

Law360, New York (March 22, 2013, 7:33 PM EDT) -- Two creditor committees of bankrupt AMR Corp. threw their weight behind the company’s proposed $11 billion merger with U.S. Airways Group Inc. Friday, telling a New York federal bankruptcy judge that the deal is the best shot to transform the company into a profitable and sustainable airline.

The Chapter 11's official committee of unsecured creditors and the ad hoc committee of creditors told U.S. bankruptcy Judge Sean H. Lane that the merger, announced last month, would provide a significant return to company creditors.

“The proposed merger...
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