NEW YORK — A judge says that AMR Corp. can go ahead with its planned purchase of Boeing aircraft, even though the airline is in bankruptcy protection.
U.S. Bankruptcy Judge Sean Lane ruled that the parent company of American Airlines can start the process of buying 200 Boeing aircraft. The ruling was the first hurdle in the company's attempt to buy the planes following its filing for Chapter 11 bankruptcy protection on Nov. 29.
American has also won approval to get out of leases for two dozen aging aircraft. None of the planes are currently in service. AMR says it no longer makes financial sense to keep the planes.
An attorney for AMR also told the judge that there has been no noticeable decline in passengers since the filing.