American Airlines, US Airways to merge

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Updated: 2/13/2013 10:10 pm Published: 2/13/2013 10:46 am

A merger between American Airlines and US Airways is reportedly happening soon.

Both sides have reached a tentative agreement.  Late Wednesday afternoon, the board of American Airlines' parent company, AMR, approved the merger agreement. U.S. Airways quickly followed suit.  An official merger announcement is expected Thursday. 

The companies were trying to finish a deal before Friday, when a confidentiality agreement covering some AMR bondholders expires. That could result in public disclosure about negotiation details.

Media sources say US Airways CEO will be CEO of the merged airline and AA CEO Tom Horton would be non-executive chairman. The merger will create the world's biggest airline by passenger traffic, although United Continental Holdings Inc. would still be bigger if regional affiliates are counted.

AMR has been operating under bankruptcy protection since November 2011.

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The views expressed here do not necessarily represent those of KOKI FOX23 - Tulsa

AF vet - 2/14/2013 1:52 PM
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Now if the slugs could be eliminated, both union and management, things might turn around! But we know THAT is not about to happen! There are too may people in management who walk around all day with a coffe cup and produce NOTHING. But they are confident the company owes them, so it just keeps on. Damned if I know why.
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