American Airlines, US Airways announce merger
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American Airlines and US Airways have announced they are to merge into one airline in a USD11bn deal.
The carrier will operate under the American Airlines name and boost its global network, as well as fellow members of the oneworld alliance.
The airline will be led by US Airways’ chairman and CEO as CEO with American Airlines’ boss Thomas Horton as chairman during the transition. American has gone through a major restructure in the last year ahead of the merger, which is due to be completed in the third quarter of 2013.
“Today, we are proud to launch the new American Airlines – a premier global carrier well equipped to compete and win against the best in the world,’ said Horton. “Together, we will be even better positioned to deliver for all of our stakeholders, including our customers, people, investors, partners, and the many communities we serve.”
“This merger will create a stronger company, with the path to improved compensation and benefits and greater long-term opportunities for all our employees. We are grateful to have the support of both companies’ unions and thank them and their leaders for their hard work and vision,” added Parker.
American’s previous order of 600 aircraft is to fuel the combined airlines’ growth plans, with the carrier able to expand its presence in west US and bolster its position in Latin America and the Caribbean.
