American Airlines has asked a US bankruptcy court to extend the
period during which it has the exclusive right to file a plan for
emerging from Chapter 11 reorganization.
The request came as American Airlines passed the one-year mark of its filing for bankruptcy protection. The Dallas/Fort Worth-based company wants its period of exclusivity extended to March 11. Without an extension, the exclusivity window would expire Jan. 28, at which point rival restructuring plans could be submitted.
American Airlines told the court that the filing of multiple plans could be disruptive to its effort to emerge from Chapter 11.
The court is expected to rule on the extension in December. It has approved American’s previous requests for extensions of the exclusivity window.
The request came as American Airlines passed the one-year mark of its filing for bankruptcy protection. The Dallas/Fort Worth-based company wants its period of exclusivity extended to March 11. Without an extension, the exclusivity window would expire Jan. 28, at which point rival restructuring plans could be submitted.
American Airlines told the court that the filing of multiple plans could be disruptive to its effort to emerge from Chapter 11.
The court is expected to rule on the extension in December. It has approved American’s previous requests for extensions of the exclusivity window.
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