The boards of US Airways Group and AMR have approved the merger of American Airlines and US Airways. The resulting company will become the world's largest airline. American is in bankruptcy, so its creditors will own a big chunk of the new company and US Airways shareholders will own the rest.
Originally published on Thu February 14, 2013 8:05 pm
Credit U.S. Coast Guard / Getty Images
As the Carnival Triumph drifted for days in the Gulf of Mexico, we wondered: Instead of undertaking a slow, arduous tow to Mobile, Ala., wouldn't it have been easier — and more comfortable for passengers — to send an empty cruise ship to the area and evacuate the 3,143 passengers?
It appears the American Airlines and US Airways are going to merge. There are multiple reports that late today the boards of the two companies approved the merger, which will create the country's largest carrier. The deal, if it survives regulators' anti-trust review, will allow American to emerge from bankruptcy.
NPR's Wade Goodwyn joins us from Dallas with more on the merger. And Wade, what will the airline be called and what else can you tell us about the make-up of the newly-merged company?