American Airlines emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner when the two completed their deal on Monday.
Rival unions are fighting over how to represent 24,000 flight attendants at the new American Airlines, which expects a merger with US Airways to happen next month.
American Airlines and US Airways on Monday morning agreed to extend their merger agreement, pushing back the date that either carrier could terminate their merger plan.
There has been a shake-up for the management team at American Airlines. The changes were announced on Monday morning, and are set to start once the company merges with US Airways.
American Airlines and US Airways will soon announce the senior executives of their combined company. The airlines said that an announcement could come in late May or early June.
A federal official opposes a nearly $20 million severance payment to the CEO of the parent company of American Airlines in the carrier’s proposed merger with US Airways.
US Airways CEO Doug Parker, the man in line to lead American Airlines after the two carriers merge, expects to announce a new management team before closing the deal.
A bankruptcy judge will consider the merger of American Airlines and US Airways on March 27. The two carriers last week announced plans to merge in an $11 billion deal.
When the airline filed for bankruptcy in November 2011, Tom Horton was simultaneously elevated to CEO. But from the minute he reached the top, a number of forces started converging against him.
AMR CEO Tom Horton won’t get to lead the new American Airlines after it merges with US Airways, but he will get a going-away prize of nearly $20 million.
After months of courtship, American Airlines and US Airways are officially tying the knot. In the aviation industry’s newest marriage, the two carriers will create the world’s largest airline.
More of the pieces seem to be falling into place and a picture is starting to emerge of what an American Airlines-US Airways merger might look like.