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American and US Airways to merge

[ February 15, 2013   //   ]

American Airlines parent company AMR Corporation has signed a merger deal with US Airways Group to create a combined carrier worth around $11 billion. Operating under the American Airlines name, it will offer more than 6,700 daily flights to 336 destinations in 56 countries. The combined airline is planning to take delivery of more than 600 new aircraft, including 90 widebodies.

American’s chairman, president and chief executive officer will serve as chairman of the combined airline through to its first annual meeting of shareholders while US Airways’ chairman and CEO becomes CEO of the merged carrier.

The carrier will be headquartered in Dallas-Fort Worth but maintain a significant corporate and operational presence in Phoenix.

The merger, which is conditional on the approval by the US Bankruptcy Court and approval by US Airways shareholders, is expected to be completed in the third quarter of 2013.

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