American Airlines (Dallas/Fort Worth) and US Airways (Phoenix) announced today they are now officially exploring a merger. The following statement was issued this morning:
“AMR Corporation (“AMR”), the parent company of American Airlines®, and US Airways Group, Inc. today announced that they have entered into a non-disclosure agreement (“NDA”), under which the companies have agreed to exchange certain confidential information and, in close collaboration with AMR’s Unsecured Creditors Committee, to work in good faith to evaluate a potential combination.
The companies do not expect to provide any further announcements regarding the status of any such discussions unless and until the parties have entered into a transaction or discussions between the parties have been terminated. Furthermore, AMR and US Airways have each agreed while they are evaluating a potential combination that they and their representatives will not engage in discussions with other parties concerning a potential combination of AMR and US Airways. The companies noted that there can be no assurance that a transaction will result from these discussions.”
Top Copyright Photo: Bruce Drum. American is a large Boeing operator with Airbus aircraft on order. Boeing 737-823 N959AN (msn 30828) taxies at Miami.
Bottom Copyright Photo: Bruce Drum. US Airways has a large Airbus fleet. The company is also getting ready to phase out its last Boeing 737-300 after Labor Day. Boeing 737-301 N574US (msn 23739) departs from Charlotte.
Filed under: American Airlines, AMR Corporation, US Airways Tagged: 23739, 30828, 737, 737300, 737301, 737800, 737823, airbus aircraft, American Airlines, AMR Corporation, aviation, Boeing, Boeing 737, Boeing 737-300, Boeing 737300, Boeing 737800, Charlotte, CLT, MIA, Miami, N574US, N959AN, non disclosure agreement, transportation, US Airways, US Airways Group, us airways group inc
