US Airways Seeking To Take Over American
March 23, 2012 by staff
US Airways Seeking To Take Over American, US Airways is reportedly in talks with creditors for American Airlines about a possible merger — a deal that would reduce the number of major big national airlines to just three.
According to published reports and industryanlysts, US Airways has put forward plans to take over American, which is in the process of restructuring its operations through bankruptcy.
The goal, according to a Bloomberg report, is to complete a deal before American’s parent company AMR exits bankruptcy proceedings. AMR, which filed for bankruptcy protection in November, recently received permission to extend the filing deadline for its reorganization plan until Sept. 28 and said it plans to ask for its labor union contracts to be voided.
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