AMR Nears Bankruptcy Exit as Creditors Approve US Airways Merger

American Airlines won creditor approval for its plan to exit bankruptcy protection by merging with US Airways Group Inc. to create the world’s largest carrier.

Preliminary results showed at least 88 percent of ballots in each creditor class were cast for the plan, representing more than 97 percent of the claim value in each group, parent AMR Corp. said today in a statement. More than 99 percent of AMR shareholders voted for the plan, the company said.