US Air, AMR Merger "within weeks"

[ackattacker]

http://www.chicagotribune.com/busin...-next-2-weeks-sources-20130125,0,381582.story

US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger, with valuation and management structure being the two major sticking points left to resolve, four people familiar with the matter said.

The two airlines, as well as AMR's creditors and its bondholders, have focused their efforts in recent weeks on reaching a merger agreement, and a deal could come in the next two weeks, the people said on Friday.

Negotiations are continuing and could still fall apart, but progress has been made toward getting a deal done, the people said. An alternative plan for AMR to exit bankruptcy as an independent company appears a less likely path, they added.

AMR's board, which has not made a final decision and still considers its own restructuring plan as a viable one to revive the airline, plans to meet on Jan. 28 and Jan. 29 to discuss latest developments in the negotiations, the people said.

All the people asked not to be named because the matter is not public. US Airways declined to comment. An AMR spokesman said the carrier cannot comment on the status of the discussions.

Representatives for AMR's unsecured creditors committee and its bondholders group were not immediately reached for comment.

 

[crashmbern]

They said that a few weeks ago.

 

[ackattacker]

They said that a few weeks ago.

Agreed, but previous "leaks" have only said merger talks are progressing and decision soon. This is the first internal leak I've seen which explicitly says that merger is the most likely outcome. Also says within next 2 weeks.

 

[Flyer1015]

How is this SLI going to go? Binding doesn't mean binding to USAPA, so what will APA do?

 

[The Drizzle]

How is this SLI going to go? Binding doesn't mean binding to USAPA, so what will APA do?

USAPA likely will not exist at that point.

 

[kommutrdog]

They said that a few months ago.

Fixed it for you.

 

[reepicheep]

How is this SLI going to go? Binding doesn't mean binding to USAPA, so what will APA do?

If they don't like the result simply vote in a new union and void the arbitrated SLI?

 

[Blueridgeflyer]

Not soon enough. I want the CLT and PHX segments to propel me to Advantage Platinum.

 

[LaGarbage Man]

If they don't like the result simply vote in a new union and void the arbitrated SLI?

They won't be pulling that off again. This time around they will not enjoy a voting majority of the pilot group. Confucius say " may you live in interesting times " Well it's about to get real interesting around here.

 

[gutshotdraw]

US Air, AMR Merger "within weeks"


Can hordes of locusts be far behind?

Chaos. Mayhem. Disaster.

Monkey and a football springs to mind....