What we’re reading: AA asks for extension, end of Delta’s Memphis hub for Delta, NYC wants taxes for Airbnb rentals

by Stephanus Surjaputra on December 3, 2012

American Airlines asks for extension from bankruptcy court

American Airlines is asking the bankruptcy judge to extend the period to file a plan to emerge from Chapter 11 bankruptcy.

The request came as American Airlines passed the one-year mark of its filing for bankruptcy protection. The Dallas/Fort Worth-based company wants its period of exclusivity extended to March 11. Without an extension, the exclusivity window would expire Jan. 28, at which point rival restructuring plans could be submitted.

Memphis a hub no more? Delta cuts prompt speculation

Delta Air Lines will reduce its Memphis schedule again. Remember Delta’s promise to keep their hubs in Nashville and Cincinnati during the merger testimony?

Delta announced this week that it will reduce its Memphis flight schedule by about 18 percentage as fewer passengers are flying on flights to, from or through the city, according to The Commercial Appeal of Memphis.

Important warning for anyone using Airbnb

Airbnb is a site that lets property owners rent out their property. However, if you are a property owner looking to become a member, you’d better check local laws.

The [New York Times] article cites a man in New York City who hosted guests in his East Village apartment, only to see his landlord slapped with $40,000 in fines for violating local laws.

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