American Airlines, US Airways to merge

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

Relevant offers

World

Coca-Cola's biggest challenge under next CEO: cutting calories Infuriated businesses say fake ads on Facebook are damaging their brands Leonardo DiCaprio meets with Donald Trump to talk environment Lingerie shop staff stalked, bullied at Australia's Honey Birdette: ex-workers Vinyl record sales overtake digital music in UK News Corp's Rupert Murdoch cleared to buy Australian APN newspapers Michael Jordan scores victory in legal battle for chinese name 'This is going to be a thing we laugh at one day': Sydney man's house mistakenly demolished, neighbour's house still standing Trump chooses former WWE exec McMahon for small business SpaceX delays launch to January after fireball grounding

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