American Airlines Group
 | It has been suggested that this article be merged into American Airlines. (Discuss) Proposed since February 2013. |
| It has been suggested that this article be merged into US Airways. (Discuss) Proposed since February 2013. |
 | It has been suggested that this article should be split into a new article titled AMR Corporation–US Airways Group merger. (discuss) (February 2013) |
In January 2012, US Airways Group the parent company of US Airways expressed interest[1] to take over AMR Corporation (AMR) the parent company of American Airlines and the AMR CEO said in March, that American is open to a merger.[2] US Airways has told some American Airlines creditors that merging the two carriers could yield more than $1.5 billion a year in added revenue and cost savings.[3]
On April 20, 2012, American Airlines' three unions said they support a proposed merger between American and US Airways.[4]
As of September 2012, American Airlines, under chapter 11 bankruptcy protection, was looking to merge with another airline. In July of that year, in a Bankruptcy Court filing US Airways disclosed that it was an American Airlines creditor and "prospective merger partner. Then on August 31, 2012, US Airways CEO Doug Parker announced that American Airlines and US Airways had signed a nondisclosure agreement, in which the airlines would discuss their financials and a possible merger."[5]
On February 14, 2013, US Airways Group, Inc. and AMR Corporation (American Airlines) officially announced that the two companies would merge to form the largest airline in the world. In the deal, which is expected to close in the third quarter of 2013, bondholders AMR will own 72% of the new company and US Airways shareholders will own the remaining 28%. The combined airline will carry the American Airlines name and branding, while the US Airways' management team, including CEO Doug Parker, will retain most operational management positions. The headquarters for the new airline will also be consolidated at American's current headquarters in Fort Worth, Texas.[6][7] US Airways will exit Star Alliance upon completion of the merger, and American will retain its oneworld alliance.
Hub network
When completed, the merged airline will have the following hubs and one focus cities:
Fleet
As of February 2013, the merged company's fleet would consists of the following aircraft.
References
- ^ Matt Joyce, Staff Writer (January 26, 2012). "US Airways CEO confirms interest in American Airlines". Charlotte Business Journal. Retrieved March 24, 2012.
- ^ "American Airlines open to merger, CEO hints". publisher=Charlotte Business Journal. March 19, 2012. Retrieved March 24, 2012.
{{cite web}}: Missing pipe in:|publisher=(help) - ^ "WSJ: US Airways Considers Merger With American Airlines - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |". NewsOn6.com. Retrieved 2012-05-17.
- ^ "3 unions push American Air toward US Airways merger talks". chicago tribune. April 22, 2012. Retrieved April 20, 2012.
- ^ "Creditor, 'prospective merger partner' US Airways gives support to American exclusivity extension". LeveragedLoan.com. July 15, 2012.
- ^ "American Airlines, US Airways unveil $11 billion merger". Reuters. February 14, 2013.
{{cite web}}: Unknown parameter|access date=ignored (|access-date=suggested) (help) - ^ "AMERICAN AIRLINES AND US AIRWAYS TO CREATE A PREMIER GLOBAL CARRIER -- THE NEW AMERICAN AIRLINES" (Press release). Fort Worth, TX & Tempe, AZ: AMR & US Airways Group. 14 February 2013. Retrieved 2013-02-14.