American, US Airways announce $11 billion merger

Posted at: 02/14/2013 6:21 AM | Updated at: 02/14/2013 6:41 AM
By: Associated Press | WHEC.com

American Airlines and US Airways say they're merging in a deal they value at $11-billion, creating the world's biggest airline.
    
The combined carrier will be called American Airlines but run by US Airways CEO Doug Parker. The airlines announced their deal Thursday.
    
Don’t expect to see any changes soon. American's bankruptcy judge has to approve the merger which could take up to six months.

This deal reduces the number of major U.S. airlines to four.

Have a story you want our news team to investigate? Call us at 585-232-1010, click here to send us an e-mail or leave us a Facebook post or tweet.

Bookmark and Share Print Story




Site Index