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AMR Files Bankruptcy-Exit Plan Based on US Airways Merger

AMR Corp., the parent of American Airlines, filed a plan to exit bankruptcy protection that hinges on creating the world’s largest airline through a merger with US Airways Group Inc.

American, based in Fort Worth, Texas, won approval last month to proceed with the combination, which would be completed when the airline emerges from court protection. The airline wants U.S. Bankruptcy Judge Sean Lane in Manhattan to consider approval of the plan at an Aug. 15 hearing.