Boards Pull Trigger on American, US Air Merger
The merger of US Airways and American Airlines parent AMR would create the largest air carrier in the world.
The merger of US Airways and American Airlines parent AMR would create the largest air carrier in the world.

The boards of AMR Corporation and US Airways Group have unanimously agreed to move forward with the long-anticipated merger of their American Airlines and US Airways subsidiaries, the companies announced Thursday morning. Once cleared by anti-trust regulators, the U.S. Bankruptcy Court for the Southern District of New York and US Airways shareholders, the transaction would create the world’s largest airline, valued at some $11 billion based on the price of US Airways stock as of February 13. The companies expect to complete the merger during this year’s third quarter.