American Airlines, US Airways to merge

DAVID KOENIG
Last updated 14:11 14/02/2013

Relevant offers

World

Drop the Big Mac, pick up the iPhone if you want to gauge the dollar Australian worker unfairly sacked for looking at women in bikinis What high heels say about the yawning gap between rich and poor Here's why the Land Rover rip off might succeed Tesla driver speeding in fatal Autopilot crash Jamie's Italian, Cargo Bar up for grabs as Keystone assets hit market Topshop owner Philip Green blamed for collapse of BHS department store chain in UK Canada tax targets foreign house buyers Money laundering bankrupt beat planning rules by disguising mansion as shed Just pay it: Nike boss' pay almost triples

American Airlines and US Airways will merge and create the world's biggest airline.

The boards of both companies approved the merger late on 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 on 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.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content