American Airlines and US Airways Close on Merger, Creating World's Largest Airline
Skift Take
The merger of US Airways and American Airlines is now a done deal. That was easy. Now comes the hard part.
American Airlines CEO Doug Parker gathered with employees of the new American Airlines this morning at headquarters in Fort Worth, Texas to mark the closing of the $11 billion US Airways and American Airlines merger, and the termination of AMR Corp.'s bankruptcy restructuring.
Employees of the airline gathered with Parker, who headed US Airways, choreographed the merger and will lead the new American Airlines Group with now-former American Airlines CEO Tom Horton as chairman, beginning at 7:45 a.m. Central, and from the remote location were to ring NASDAQ's opening bell.
With the closing of the $11 billion transaction taking place before the market's open, the airline's common stock was to beg
