AMR Shareholders Could Recover $1.4B Under Ch. 11 Plan

Law360, New York (April 16, 2013, 5:09 PM EDT) -- AMR Corp. on Monday said its existing shareholders can expect around $1.4 billion in recovery when it exits bankruptcy proceedings in New York and finalizes the $11 billion merger with US Airways Group Inc. that will create the world’s largest airline.

The American Airlines Inc. parent submitted its Chapter 11 plan and accompanying disclosure statement to a New York bankruptcy court Monday night, a significant step toward its emergence from bankruptcy.

A hearing on the disclosure statement, which outlines the plan details for creditors who are...
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