Subscribe Register Login

Friday, September 19, 2014, 3:09 a.m.
Top Picks - Mobile App

American, US Airways announce $11 billion merger

By The Associated Press

This article was published February 14, 2013 at 7:38 a.m.

— American Airlines and US Airways have agreed to merge in an $11 billion deal that would create the world’s biggest airline.

The combined carrier will be called American Airlines and be based in Fort Worth, but US Airways Chief Executive Officer Doug Parker will run it.

The merger would reduce the number of major U.S. airlines to four: the new American, United, Delta and Southwest.

The deal is a coup for smaller US Airways Group Inc., which pushed for a merger almost as soon as American parent AMR Corp. filed for bankruptcy protection in November 2011.

While Parker runs the company, AMR CEO Tom Horton will serve as chairman until its first shareholder meeting, likely in mid-2014.

The boards of both companies approved the deal Wednesday. The companies announced it early Thursday and expect it to close in the third quarter of this year.

Comments on: American, US Airways announce $11 billion merger

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 2 of 2 total comments

lilith2u says... February 14, 2013 at 8:32 a.m.

Great, so now instead of two bad airlines we'll have another giant that doesn't care about its customers. This has to be good news for Southwest, Frontier, and Jet Blue, that still think of their passengers as paying customers deserving of respect and compassion.

( | suggest removal )

Jackabbott says... February 14, 2013 at 8:45 a.m.

Where is Eric Holder and the Justice Department?? Still trying to pry druggies out of prison sentences??? How about enforcing the anti-trust laws for a change?
He could not or won't prosecute anyone involved in the Wall St. meltdown, won't enforce immigration laws nor allow local police officers do it either. What a sap.

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Clerical

    Arkansas Board of Examiners in Counseling hiring for: PT pos...
    LITTLE ROCK, AR

  • Detail techs

    detail techs - Local corporate aircraft cleaning & detailing...
    LITTLE ROCK, AR

  • Janitorial opps.

    janitorial projectsupervisor - ft & cleanersbryant, AR. Prev...
    BRYANT, AR

  • Mlt

    memorial hospital Stilwell, OK We have recently added more P...
    STILWELL, Ok

  • Cna sponsorships

    Brighton ridge attention Brighton Ridge of Eureka Springs is...
    EUREKA SPRINGS, AR

Search 870 jobs >

Top Picks - Mobile App
Arkansas Online