American Airlines parent AMR Corp. said that, based on a preliminary count, a sufficient number of creditors approved the company’s reorganization plan, which essentially would take the company out of bankruptcy protection in a merger with US Airways Group Inc., the Wall Street Journal reported today. Creditor voting on the plan concluded on Monday, and Tuesday was the deadline for objections to be filed in bankruptcy court. Bankruptcy Judge Sean Lane has scheduled a confirmation hearing on the reorganization plan on Aug. 15, one of the final steps needed for AMR to step out of court protection and close the stock-swap merger.
