Judge holds back from authorizing AMR-US Airways merger

|By:, SA News Editor

Judge Sean Lane has refrained from approving AMR's (AAMRQ.PK) plan to exit bankruptcy via an $11B merger with US Airways (LCC), citing the lawsuit from the Department of Justice and some states to block the deal.

Instead, Lane has given AMR and its creditors until Friday next week to provide him with guidance about he should proceed.

The judge had otherwise been expected to authorize the deal, having already given preliminary approval.