American Airlines and US Airways agreed to merge. - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

February 14, 2013 - 08:30 AM ET

American Airlines and US Airways agreed to merge. Valued at $11 billion, the deal was approved unanimously by the boards of both companies. Pending approvals from regulators, shareholders and the court overseeing AA's bankruptcy, the combined carrier would operate under the American Airlines brand, be headquartered in Dallas-Ft. Worth and led by chief executive Doug Parker, currently US Airways CEO. According to a joint statement, AA CEO Tom Horton would become non-executive chairman of the company "through its first annual meeting of shareholders, and will also serve as the combined airline's representative to the Oneworld alliance," confirming that US Airways would leave the Star Alliance. "The combined airline will offer more than 6,700 daily flights to 336 destinations in 56 countries," the statement noted. "The combined airline is expected to maintain all hubs currently served by American Airlines and US Airways, resulting in more travel options for customers."

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Nexus cardholders now can access Trusted Traveler screening lines at four Canadian airports:... read more »
The Avis Budget Group as of Jan. 1 will consolidate its operations to two regions: the Americas and International,... read more »
WestJet on Thursday announced a reciprocal frequent-flyer agreement with Delta Air Lines.... read more »
Alaska Airlines in November was the most punctual major U.S. airline, with an on-time arrival rate of 86.4 percent,... read more »
American Airlines by 2016 will install Gogo inflight wireless services on all two-class regional jets,... read more »
American Airlines plans more than $2 billion in improvements during the next several years... read more »
American Airlines next month will expand sales support center operations for U.S. and Canadian customers to offer 24/7 live agent support,... read more »
Uber plans "substantial investments" in Asia/Pacific expansion following its latest round of financing,... read more »
Lufthansa cancelled or delayed about half of its long-haul flights from Germany for Thursday... read more »
Lufthansa expects flight operations to return to normal on Wednesday after the carrier canceled about half of its scheduled flights earlier this week... read more »
Amtrak on Tuesday reported a federally funded operating loss of $227 million for the 2014 fiscal year ending Sept. 30,... read more »