A federal bankruptcy judge on Wednesday approved American Airlines’ reorganization plan, clearing the way for the carrier’s proposed merger with US Airways.
It has already been a bumpy two years at American Airlines, which filed for bankruptcy protection in November 2011 and expected at the time to speed through its reorganization and emerge as a leaner, independent carrier. But a far different airline is coming out of the process now, and if history is any guide it will face a difficult transition as the two companies tie the knot, analysts said.
“Of course it is very good news that new American now can finally proceed with the merger, but life is short and so are honeymoons,” said Vicki Bryan, an analyst at Gimme Credit.
