AMR, US Airways merger termination deadline extended under amendment

By Caroline Salls

Pittsburgh, Sept. 23 - American Airlines, Inc. parent AMR Corp. entered into a third amendment to its merger agreement with US Airways Group, Inc. and AMR subsidiary AMR Merger Sub, Inc., according to an 8-K filed Monday with the Securities and Exchange Commission.

The company said the amendment extends the date on which either AMR or US Airways may terminate the merger agreement to the earlier of (i) the later of Jan. 18 and the 15th day after the U.S. District Court for the District of Columbia enters an order in the lawsuit filed by the Department of Justice in favor of the airlines, provided that the order is entered by Jan. 17, and (ii) five days after the district court enters a final, appealable order granting a permanent injunction against the merger.

The third amendment also modifies the definition of plan to specifically exclude a Feb. 13, 2013 letter agreement between AMR, American and AMR chief executive officer Thomas W. Horton as a condition to effectiveness of AMR's Chapter 11 plan.

AMR Corp., the Fort Worth-based parent of American Airlines, filed for bankruptcy on Nov. 29, 2011 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 11-15463.

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