(WBAP 24/7 News) - U.S. Bankruptcy Judge Sean Lane has scheduled a hearing on March 27 to consider the proposed merger between American Airlines and US Airways.
The merger, which was announced last week, also needs approval from government antitrust regulators before it can be finalized. The judge also set a March 15 deadline for parties to respond or object to the motion to approve the merger.
At a hearing in New York City, Lane will consider approving the merger as well as AMR CEO Tom Horton's $20 million cash and stock compensation package.
Horton is staying on as the merged carreir's chairman of the oard, and US Airways CEO Doug Parker will become chief executive officer of the combined airlines.
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