Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
Arizona Sports Now On 98.7 FM
Menu
Social
Streams
Latest News

Weekdays at 2pm on 98.7 FM Arizona Sports

Burns & Gambo

Report: US Airways, American Airlines merger could happen in two weeks

The long process of the American Airlines merger with U.S. Airways could come to a close soon.

According to Reuters, the merger could be completed in as little as two weeks.

American Airlines' board, which filed for bankruptcy in Nov. 2011, is scheduled to meet on Jan. 28 and Jan. 29 to discuss the newest developments in the negotiation process.

The airlines have a potential structure for the board of a merged company, which would consist of members from the existing boards of US Airways and AMR, and those to be designated by AMR creditors, the people said.

It is believed that negotiations are not coming down to equity sharing between US Airways shareholders and American Airlines creditors. The creditors feel they should own more than 70 percent of the equity in the proposed merger.

If the merger is completed, the new airline would likely be the largest in the world.

Comments

comments powered by Disqus
Latest News