Φρανκομβριτ
February 15th, 2013, 07:19 AM
http://www.bbc.co.uk/news/business-21454925
American Airlines and US Airways have announced plans to merge, in a deal that would form the world's biggest airline.
The move had been widely touted after the two boards were said to have met on Wednesday.
The merger will bring American Airlines closer in value to rival Delta Airlines, with an estimated market valuation of $11bn (£7bn).
This marks the conclusion of talks that started back in August 2012.
Much more in the article, but this is basically a super merger. American grew substantially when they acquired TWA, and US Air grew when they acquired America West, so this really is a large company.
Rival Delta became major competition when they acquired North West Airlines, and when United Airlines recently merged with Continental, it's really changed the way flying is in america.
American Airlines and US Airways have announced plans to merge, in a deal that would form the world's biggest airline.
The move had been widely touted after the two boards were said to have met on Wednesday.
The merger will bring American Airlines closer in value to rival Delta Airlines, with an estimated market valuation of $11bn (£7bn).
This marks the conclusion of talks that started back in August 2012.
Much more in the article, but this is basically a super merger. American grew substantially when they acquired TWA, and US Air grew when they acquired America West, so this really is a large company.
Rival Delta became major competition when they acquired North West Airlines, and when United Airlines recently merged with Continental, it's really changed the way flying is in america.