AMR wants more time to file bankruptcy plan

AMR wants more time to file bankruptcy plan

Credit: Getty Images

PHOENIX, AZ - APRIL 19: Two American Airlines ground crew workers stand under an airplane at Sky Harbor International Airport on April 19, 2012 in Phoenix, Arizona. As American Airlines continues through bankruptcy US Airways is working on a possible deal to takeover the troubled airline. (Photo by Joshua Lott/Getty Images)

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by Associated Press

Associated Press

Posted on November 30, 2012 at 2:56 PM

FORT WORTH (AP) - American Airlines parent AMR Corp. and its creditors want six more weeks to complete a bankruptcy-restructuring plan.

AMR and a committee for unsecured creditors filed a motion Friday to extend the company's exclusive right to file a reorganization plan from Jan. 28 -- to March 11.

Fort Worth-based AMR says it needs more time because of the size and complexity of the task, and because it has spent so much time reworking labor deals with its unions.

A hearing is set for Dec. 19 in bankruptcy court in New York. It would be the fourth extension of exclusive rights for AMR since the company filed for bankruptcy protection in November 2011. The other requests were approved.

AMR has been considering a potential merger with US Airways Group Inc.

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