Market Overview

American Airlines, US Airways Merge to Create New American Airlines

Related AAMRQ
Mid-Afternoon Market Update: Markets Gain on Jobs Number; InterOil Falls on Sale of Major Asset
Southwest Airlines Acquires 12 Slots At New York's LaGuardia Airport

AMR Corporation (OTC: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (NYSE: 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

Posted-In: News Guidance Contracts Management M&A Global

 

Most Popular

Related Articles (LCC + AAMRQ)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters