Quantcast
Transport Airlines

American CEO says US Airways merger decision will happen within weeks

Jan 03, 2013 5:01 pm

Skift Take

This is so 2012. We’re bored already.

— Rafat Ali

Free Report: The Megatrends Defining Travel in 2015

American Airlines parent AMR Corp., now reorganizing in bankruptcy, expects to reach a decision within weeks on whether to merge with US Airways Group Inc. or remain independent, Chief Executive Officer Tom Horton said.

The company’s board and unsecured creditors committee asked unions at Fort Worth, Texas-based American and at US Airways to help evaluate the benefits, costs and risks of a deal, Horton said today in a memo to employees.

“I can assure you we are conducting a collaborative, fact- based analysis to determine the best path forward for American,” Horton wrote. “While I cannot give you a precise date, I can tell you that we expect to bring this to conclusion within a matter of weeks.”

AMR has a board meeting set for Jan. 9 at which it hoped to be ready to decide whether to go ahead on a tie-up, people familiar with the matter said in mid-December. US Airways has been pursuing a merger with American, which filed for bankruptcy in November 2011, to form the world’s largest carrier.

–Editors: Ed Dufner, John Lear

 

To contact the reporter on this story: Mary Jane Credeur in Atlanta at mcredeur@bloomberg.net

 

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net

Tags: ,

Next Up

More on Skift

Blizzard May Keep Patriots Fans From the Super Bowl, but Won’t Stop Soaring Ticket Prices
International Tourist Arrivals Reach Record 1.13 Billion in 2014
Enterprise’s Ride-Sharing Service Zimride Closes Part of Its Business
Can Better Emails Help Hotels Win Back Business From Booking Sites?