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American Airlines Gains Approval to Reject More Aircraft Leases

January 30, 2012, 07:00 AM
Filed Under: Aircraft

According to the Chicago Tribune, AMR Corp received court permission Friday to walk away from nine aircraft leases, raising to 33 the total number of planes rejected by the bankrupt parent of American Airlines.
According to the report originally posted by Reuters, Judge Sean Lane agreed to the request at a hearing in U.S. Bankruptcy Court in New York. AMR had initially planned to ditch 18 jet leases, but half were salvaged in last-minute renegotiations with lessors, an attorney for the company said.

The rejected planes include seven Boeing 757s, one MD-80, one Airbus A300 and their respective engines. Wilmington Trust Co. is trustee on most of the leases.
As reported, AMR entered bankruptcy with about 900 planes, 219 of which were leased. GE Capital Aviation Services is AMR's biggest lessor, leasing at least 60 planes to the company.


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