AMR asks for 6 more months to file reorganization plan

AMR Corp., the parent company of American Airlines, asked a bankruptcy court for an additional six months to file a reorganization plan. "It is customary for a large and complex case such as American to ask for an extension," the airline said in a statement. "This extension will allow American to continue focusing on preserving and enhancing its ongoing value and restructuring its financial condition and operations to achieve a competitive and sustainable cost structure and, thus, achieve the objectives of Chapter 11 -- a successful reorganization."

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