AMR Inks Cash-Saving Lease Deals In Advance Of $11B Merger

Law360, New York (June 7, 2013, 3:20 PM EDT) -- Bankrupt AMR Corp. has reached two key lease deals with airport authorities in Nashville, Tenn., and San Francisco as it inches closer to enacting its $11 billion merger with U.S. Airways Group Inc., the airline told a New York bankruptcy court Thursday.

The American Airlines Inc. parent asked U.S  Bankruptcy Judge Sean H. Lane to approve an agreement with the city of San Francisco preserving its lease at San Francisco International Airport, saying the city has agreed to take about $2.72 million it owes to the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.