AMR Judge Says Arguments for Exit-Plan Approval ‘Persuasive’

AMR Corp.’s arguments in favor of approving its plan to exit bankruptcy through a merger with US Airways Group Inc. are “fairly persuasive,” a judge said as the deal is held up by a U.S. antitrust lawsuit.

“I’d like to reflect on them a little bit more,” U.S. Bankruptcy Judge Sean Lane said today as he deferred a ruling on approval of the plan at a hearing in Manhattan. Lane on Aug. 15 heard AMR’s request to approve the plan with the U.S. lawsuit pending. AMR, the parent company of American Airlines, said last week in a court filing that waiting to resolve the government’s antitrust case would be “destabilizing.”