Creditors are approving the bankruptcy reorganization plan for the parent of Fort Worth-based American Airlines.
US Airways shareholders overwhelmingly approved a proposed merger with American Airlines, bringing the companies closer to creating the world’s biggest airline.
US Airways’ CEO says shareholders have approved the proposed merger with Fort Worth-based American Airlines, one of the final steps remaining in the deal to create the world’s biggest airline.
Officials in Texas and nearly 20 other states may have been reviewing the proposed merger of American Airlines and US Airways for far longer than previously known.
American Airlines and US Airways are facing a lawsuit over their planned merger. It claims that the merger will bring higher fares, fewer flights, and the firing of thousands of employees.
The attorney general of Texas and counterparts in other states joined a U.S. Department of Justice review of the proposed merger between American Airlines and US Airways.
A government analyst says the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers.
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’ creditors could begin voting this month on the company’s turnaround plan and proposed merger with US Airways.
The Teamsters union is trying to replace the union that represents mechanics at American Airlines.
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.
The president of the AFL-CIO is concerned that the merger of American Airlines and US Airways will trigger a costly fight between two unions over ground workers.