Europe Approves American/US Airways Merger

The European Commission (EC) has approved the planned merger between American Airlines and US Airways. Doug Parker, chairman and CEO of US Airways, and incoming CEO of the combined company, said. “The clearance by the European Commission is an important step toward closing this merger. The new American will benefit customers in the United States, Europe and across the world by enhancing connectivity within the oneworld alliance and creating more options for travel both domestically and internationally.” AMR Corporation, the parent company of American Airlines, and US Airways will combine to form the new American Airlines, headquartered in Dallas/Fort Worth, Texas. The merger, which is expected to be completed in 3Q 2013, is still subject to regulatory approvals, other customary closing conditions and confirmation of AMR’s ‘Plan of Reorganisation’.

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