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Aircraft and courts. No golden handshake for American Airlines' CEO
New York, USA - No payment even after the merger with US Airways: according to the judge it would be "Legal fiction"
Sean Lane, Judge of of New York's Bankruptcy Court, who is following the restructuring process of American Airlines, denied his approval to the 20-million-dollar severance package for Tom Horton, Chairman and CEO of the Fort Worth-based carrier. The payment was part of the terms of the merger agreement between AA and US Airways (AVIONEWS), which is waiting for approval from the antitrust authorities...
AVIONEWS - World Aeronautical Press Agency - 1151389
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency