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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"
![](https://avionews.it/resources/big/d7d16954a9ed24df23821322f93dc9c4.jpg.webp)
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