By Karen Jacobs
Feb 1 (Reuters) - AMR Corp has asked a bankruptcy judge for
another extension of its exclusive period to file a plan to exit
bankruptcy.
In a filing on Thursday, the carrier and its unsecured
creditors committee asked the U.S. Bankruptcy Court to extend
the period during which creditors cannot pursue their own
restructuring plans for the airline to April 15. That replaced a
January request to extend the time to April 1.
Currently, American has until March 11 to file its
reorganization plan.
AMR filed for Chapter 11 protection in November 2011 citing
high labor costs.
The company is discussing final details of a potential
merger with US Airways Group, people familiar with the matter
have said. A combination of American and US Air would form the
world's biggest airline.
"American has made significant progress in its
restructuring," spokesman Sean Collins said in a statement
emailed to Reuters on Friday.
"This work, while progressing well, takes time, and American
and the unsecured creditors' committee believe that the proposed
extension to April 15, 2013, is appropriate for this process to
continue in an orderly and efficient manner."
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