American Airlines, US Airways Merge to Create New American Airlines

AMR Corporation AAMRQ, the parent company of American Airlines, Inc., and US Airways Group, Inc. LCC today announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier, which will have an implied combined equity value of approximately $11 billion based on the price of US Airways' stock as of See full press release