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AMR creditors and shareholders vote overwhelming in favor of merger with US Airways

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AMR creditors and shareholders vote overwhelming in favor of merger with US Airways

Old 6th Aug 2013, 00:43
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AMR creditors and shareholders vote overwhelming in favor of merger with US Airways

Sky Talk: AMR creditors and shareholders vote overwhelming in favor of merger with US Airways

AMR Corp. said its creditors and shareholders voted overwhelming to approve the Fort Worth-based carrier's restructuring plan which includes merging with US Airways.

In the vote results released Thursday morning, AMR said at least 88 percent of the creditor ballots in each creditor class received voted in favor of AMR's plan to exit bankruptcy. The parent company of American Airlines said more than 99 percent of the shares of AMR's stockholders voted to accept the plan as well.

Read more here: Sky Talk: AMR creditors and shareholders vote overwhelming in favor of merger with US Airways...
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