American Merger

1) US Merger

The parent company of American Airlines, AMR Corporation, and US Airways Group have announced that the two airlines will merge to create a “premier global carrier”, which will have a combined equity value of around US$11 billion.
Thomas Horton, Chairman, President and Chief Executive Officer of American Airlines, will serve as the chairman of the combined airline’s board of directors, while Doug Parker, Chairman and CEO of US Airways, will serve as the chief executive officer and a member of the board.
The combined airline will offer more than 6,700 daily flights to 336 destinations in 56 countries, and is expected to maintain all hubs.  Both airlines expect that the regional carriers they own – AMR Corporation’s American Eagle and US Airways’ Piedmont and PSA – will continue to operate as separate entities.
The combined airline is expected to provide the most service across the east coast and central regions of the US and expand its presence in the western US.  It is also thought it will expand services in Latin America and the Caribbean; enhance connectivity within the oneworld alliance; serve 21 destinations in Europe and the Middle East; improve traffic flows and expand services through existing hubs; and improve loyalty programme benefits.  (Image: AMR)