Judge denies US$20m severance package to outgoing AMR chief


NEW YORK: A judge has rejected a proposed severance package of nearly US$20mil for Thomas Horton, the chairman and chief executive officer of American Airlines parent AMR Corp, saying the payout was not allowed under federal bankruptcy law.

US Bankruptcy Judge Sean Lane in Manhattan issued his decision on Thursday, after having approved at a March 27 hearing AMR's planned US$11bil merger with US Airways Group Inc.

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