airlines

Reports: American, U.S. Airways Boards Approve Merger

Feb 13, 2013

The boards of AMR and US Airways have approved a merger Wednesday night that would create the world largest carrier, The Wall Street Journal is reporting citing "people familiar with the matter." The paper reports that the merger will be formally announced Thursday. Earlier today, Bloomberg reported on some of the terms of the deal : "While the final terms weren't immediately available, the companies had agreed that AMR creditors would own 72 percent of the new carrier and that US Airways...