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Wednesday Sunrise Weather 5/22/13
American Airlines, US Airways to Merge 2/14/13
Associated Press
February 14, 2013
DALLAS - American Airlines and US Airways will merge and create the
world's biggest airline. The boards of both companies approved the merger late
Wednesday, according to three people close to the situation.
The carrier keeps the American Airlines name but will be run by US Airways
CEO Doug Parker. American's CEO, Tom Horton, will become chairman of the new
company, these people said. They requested anonymity because the merger
negotiations were private.
A formal announcement is expected Thursday morning.
The deal has been in the works since August, when creditors forced American
to consider a merger rather than remain independent. American has been
restructuring under bankruptcy protection since late 2011.
Together, American and US Airways will be slightly bigger than United
Airlines.