AMR, unions wrap up marathon labor hearings

* Unions push for US Airways merger; AMR prefers standalone plan

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AMR, unions wrap up marathon labor hearings 1:13am IST

* Unions push for US Airways merger; AMR prefers standalone plan

Regulatory News, Bankruptcy,

Air France outlines plans to return to growth 25 May 2012

PARIS - Air France said it will reduce staff numbers and its short-haul and medium-haul fleet in an effort to cut costs and return the airline to growth in the face of rising competition and fuel bills.

BA-Japan Airlines joint business cleared 25 May 2012

LONDON - British Airways-owner IAG said its joint business with Japan Airlines had received competition clearance, allowing the pair to cooperate commercially on flights between Europe and Japan.

Japan,

Airlines say carbon law cutting EU off from growth 25 May 2012

BRUSSELS - Rising tensions with India and China over the European Union's "arrogant" law on carbon emissions could rob the region of the markets that can rescue it from economic malaise, airline leaders said on Thursday.

Airbus A380 wing flaw undetected for a decade 25 May 2012

TOULOUSE - Airbus said efforts to lower the weight of the world's largest airliner lay behind recent A380 wing cracks and pledged to learn from mistakes that lay dormant for a decade, as repair costs looked set to climb towards 500 million euros.

BA-Japan Airlines joint business cleared 25 May 2012

LONDON - British Airways-owner IAG said its joint business with Japan Airlines had received competition clearance, allowing the pair to cooperate commercially on flights between Europe and Japan.

Japan,

UPDATE 1-BA-Japan Airlines joint business cleared 25 May 2012

LONDON, May 25 - British Airways-owner IAG said its joint business with Japan Airlines had received competition clearance, allowing the pair to cooperate commercially on flights between Europe and Japan.

PRESS DIGEST - Wall Street Journal - May 25 25 May 2012

May 25 - The following were the top stories in The Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

IPOs, Regulatory News,

AMR hedge fund creditors organize to study merger 25 May 2012

NEW YORK - Hedge funds York Capital Management and King Street Capital are among a handful of AMR Corp bondholders joining forces in hopes of boosting potential paybacks on more than $700 million in unsecured AMR debt, according to people familiar with the matter.

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