AMR gets court OK to send restructuring plan to creditors for a vote

June 4 Tue Jun 4, 2013 9:47pm IST



June 4 (Reuters) - American Airlines' bankrupt parent received court permission on Tuesday to send its restructuring plan to creditors for a vote.

Judge Sean Lane green-lighted AMR Corp's plan, which involves merging with smaller carrier US Airways Group , at a hearing in U.S. Bankruptcy Court in Manhattan.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.