American Airlines Seeks Extension for Filing Bankruptcy Plan

American sharing info with suitor US Airways Group

AMR Corp.’s American Airlines, which has agreed to share financial information with suitor US Airways Group Inc., is seeking a one-month extension of a deadline for filing a plan to restructure and exit bankruptcy.

American, which faces a Dec. 28 deadline to submit the plan in court, asked for an extension to Jan. 28 in a filing today in U.S. Bankruptcy Court in Manhattan. The request is supported by the committee representing unsecured creditors.

AMR’s $460 million of convertible, unsecured 6.25 percent notes due October 2014 gained 0.5 cent to 66 cents on the dollar at 10:59 a.m. in New York, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. They have almost quadrupled from 17.5 cents on Nov. 29, when AMR filed for bankruptcy.

Pilot Negotiations

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