AMR-US Airways Talks Progress
US Airways has finally convinced AMR to start formal negotiations over a merger.
US Airways has finally convinced AMR to start formal negotiations over a merger.

Talks between US Airways and AMR over a possible merger involving bankrupt AMR subsidiary American Airlines have reached a formal stage, as the two companies begin to exchange “certain confidential information” under the terms of a nondisclosure agreement signed August 31. The deal calls for both companies to work in good faith in evaluating the possibilities of a combination, marking an apparent softening of AMR’s previous stance against any merger talks before it exited Chapter 11 bankruptcy protection.