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What Could Be Merger Fate of AMR Corporation (OTCMKTS:AAMRQ)

 
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Las Vegas, NV -- (SBWIRE) -- 09/04/2013 -- AMR Corporation (OTCMKTS:AAMRQ) is the parent company of American Airlines whose merger with U.S Airways is being delayed. The company announced that it has filed a motion to set a trial date and a supporting brief in the United States District Court for the District of Columbia in connection with the lawsuit that has been filed by the U.S. Department of Justice regarding the merger of the two airlines.

In the motion, American Airlines and US Airways have requested a 12th November, 2013 trial date. Chairman, President and CEO of AMR Corporation and incoming Chairman of the Board of the new American Airlines, Tom Horton stated that the company strongly believes in the significant benefits the merger of American Airlines and US Airways would deliver to consumers, communities and employees.

Tom Horton said that the people of American Airlines have worked hard over the past two years to lead their company through a remarkable and successful restructuring and turnaround. He continued that after all of their contributions, the company is ready to move forward with this merger. The company looks forward to beginning this trial in November so they can complete their journey toward building the new American and deliver on the promise of this merger.

To find out what OTCMAGIC projects for AMR Corporation for both short term and long term please click here: AAMRQ

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