American Airlines and US Airways merger ready to take off
14 / 03 / 2014
AMERICAN AIRLINES (AA) and the US Airways Group have moved a step closer towards merging after a US Federal bankruptcy judge ruled in their favour.
In November, Fort Worth-Texas-based AMR Corporation – AA’s parent company – settled the US Department of Justice’s (DOJ) lawsuit designed to block the move. The DOJ launched the litigation in August claiming the merger would reduce competition.
US Airways is expected to stop trading on December 6 and the fully merged company is scheduled to start trading on the NASDAQ as the new American Airlines Group (AAL) three days later.
US Airways is expected to stop trading on December 6 and the fully merged company is scheduled to start trading on the NASDAQ as the new American Airlines Group (AAL) three days later.
With more than 6,700 daily flights to 336 destinations in 56 countries around the world, AAL will strengthen communities nationwide through better service to more destinations both domestically and internationally.
The combined airline expects to maintain current hubs of both carriers and expand service from those hubs.
