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American Airlines files plan to exit bankruptcy

The company’s $11 billion merger with US Airways won court approval last month

Two months after announcing its merger with US Airways Group Inc., American Airlines’ (AA) parent company has filed a plan to exit bankruptcy.

AMR Corp., which filed for bankruptcy in November 2011, said in a filing yesterday that the merger was “the only viable option for American to consider” in order to emerge from Chapter 11, Bloomberg reports. The company has already won court approval for its blockbuster $11 billion merger, which will create the world’s largest airline.

Alanna Byrne

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