AA And US Airways On Brink Of Merger

American Airlines (AA) and US Airways could be just days away from announcing a long-awaiting merger, US news sources suggest. The combined worth of the two airlines has been estimated at $11bn, despite American Airlines falling under bankruptcy protection in November 2011, from which it has yet to emerge. The union would create a carrier larger than United and Delta and would create the last large tie-up of US airlines. The two carriers are thought to be meeting today to discuss the proposal, according to unconfirmed reports. It is believed that an agreement could be finalised within a week, after which US Airways’ CEO Doug Parker would become CEO of the merged carrier.

 

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish