US Airways seeking to acquire American

Old Mar 24, 12, 1:37 am
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US Airways seeking to acquire American

US Airways seeking to acquire American out of bankruptcy

US Airways is reportedly in talks with creditors for American Airlines about a possible merger -- a deal that would reduce the number of major big national airlines to just three.

According to published reports and industry analysts, US Airways has put forward plans to take over American, which is in the process of restructuring its operations through bankruptcy.

The goal, according to a Bloomberg report, is to complete a deal before American’s parent company AMR exits bankruptcy proceedings. AMR, which filed for bankruptcy protection in November, recently received permission to extend the filing deadline for its reorganization plan until Sept. 28 and said it plans to ask for its labor union contracts to be voided.

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Old Mar 24, 12, 2:09 am
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Being discussed in this thread:

Horton on merger: "We're not opposed"...just not right now. 16 Mar '12

and in this thread:

AMR files for Chapter 11 / Horton named Chairman and CEO (29 Nov 2011)
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Old Mar 24, 12, 6:27 am
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Please follow the discussion in one of the threads linked to above, or in

AAMRQ: TPG, US Airways (LCC) and Delta (DAL) consider bids for AMR Corp-- WSJ ($0.36)

AA CEO on US interest in AA takeover: "something in the cactus" in Tempe

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