A U.S. bankruptcy judge on Thursday indicated that he's leaning in favor of a allowing American Airlines to emerge from bankruptcy, clearing a major obstacle to the carrier's planned merger with US Airways.
Judge Sean H. Lane said he is "finding the arguments in favor of confirmation fairly persuasive" to allow American, , to emerge from bankruptcy.
Lane reportedly could sign off on a restructuring plan for AMR Corp., American's parent, on Sept. 12, according to The Associated Press.
AP says:
"Such a decision would only leave one obstacle — although a big one — to American's proposed merger with US Airways. That would be an antitrust lawsuit filed by the government earlier this month."
, filed by the Department of Justice, earlier this month.
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