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Judge officially approves US Airways-American Airlines merger
TransportU.S. Bankruptcy Judge Sean Lane officially approved American Airlines’ merger agreement with US Airways on Friday, signing a court order that affirmed his decision at a March 27 hearing. And in keeping with his decision, the written order did not approve a $20 million severance package proposed for American Chief Executive Tom Horton _ a [...]
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Priceline-Kayak merger should close on May 21, thanks to regulators’ approval
DigitalPriceline and Kayak said on Thursday they expect their $1.8 billion merger to close on May 21. The two companies said they have received all the needed approvals from regulatory agencies. Norwalk, Conn.-based Priceline.com Inc. announced last November that it would buy competitor Kayak Software Corp. for $1.8 billion in cash and stock. Kayak, which [...]
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American’s software meltdown yesterday probably won’t be its last
Transport… But in recent years, the most frequent cause of software breakdowns is mergers. “When airlines switch computer systems, you can bet on major problems,” says Boyd. “Sometimes for days.” The most recent merger-related failure was caused when United Airlines adopted Continental’s software after the companies joined forces last year. Despite months of pre-planning and [...]
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Hawaiian Airlines’ growing global network makes it a very attractive acquisition
TransportBy July, Hawaiian will fly to 13 destinations in Asia and Oceania, up from just four in 2010. Adding these international flights has provided significant revenue diversification for Hawaiian; international routes account for 32% of Hawaiian’s revenue, and that percentage is growing. Most recently, Hawaiian has been focusing its growth on markets where there is little [...]
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The new American: state by state effects of airlines merger
TransportUS Airways is the clear winner in the announced merger gaining access to American Airlines’ many domestic and international routes while American fills in some holes to its pervasive domestic coverage. The new airline will have nine hubs in Miami, New York, Dallas/Fort Worth, Chicago, Los Angeles, Philadelphia, Washington, Phoenix and Charlotte, and it has [...]
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Updated: The new American recounts its collective history in new video ad
TransportThe first video released by the new American Airlines compares the history of the two airlines beginning in 1926 up until today. It shows a past riddled with small mergers leading up to today’s big announcement. It also shares the many ‘firsts’ between the two airlines such as the first loyalty clubs and the first [...]
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Will US Airways finally get a bit of respect after swallowing American Airlines?
TransportUS Airways is poised to finally become the industry giant it has long aspired to be. The company has often been ridiculed within the aviation industry and remains a perennial afterthought among travelers. But it hopes to shed that image by merging with the larger — but troubled — American Airlines, a deal which will [...]
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AMR, US Air boards approve merger, announcement expected Thursday
TransportThe boards of American Airlines parent AMR Corp. and US Airways Group Inc. late Wednesday separately voted to approve a merger that would create the world’s largest airline…The merger will be formally announced early Thursday morning, and a so-called plan support agreement outlining all of the deal’s details is set to be filed the same [...]
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AMR creditors give the green light on the American-US Air merger
TransportThe unsecured creditors committee of bankrupt American Airlines parent AMR Corp has approved an $11 billion merger with US Airways Group Inc, sources familiar with the situation said on Wednesday. The deal will be announced Thursday, the sources said, assuming the boards of both companies approve it Wednesday night. AMR’s unsecured creditors will be made [...]
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American-US Airways talks on tie-up may be knotted over Horton’s role
TransportA potential merger deal between American Airlines and US Airways remained in a holding pattern Monday, with an announcement possible Thursday, sources said Monday. Still unresolved was AMR Chief Executive Tom Horton’s role in a combined company, as well as his compensation package. He reportedly is being offered the title of nonexecutive chairman for a [...]
