AMR, Banks Reach Deal To Pay Tulsa Airport Bondholders More Than $28.5 Million

AMR, Banks Reach Deal To Pay Tulsa Airport Bondholders More Than $28.5 Million

NEW YORK - Bankrupt AMR Corp., the parent company of American Airlines, on Aug. 6 moved for authorization of an agreement with the Bank of New York Mellon and another financial company under which more than $28.5 million in payments would be made to holders of bonds in the Tulsa Municipal Airport Trust (TMAT), which the airline had assumed through its lease with the airport before filing for Chapter 11 bankruptcy (In Re: AMR Corporation, No. 11-15463, S.D. N.Y. Bkcy.). Subscribers may view the motion available within the full article.

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