The merger between Ft. Worth-based American and Tempe, Arizona-based US Airways will create the world’s largest airline.
Terry Maxon, a well-respected reporter from The Dallas Morning News, has also reported the following:
‘We are working on our story saying that American Airlines and US Airways will announce their merger Thursday. Bloomberg reported mid-afternoon Wednesday a deal has been worked out to be presented to the respective boards of directors, and that the boards are meeting to approve the agreement.’
We’ve been told the vote has already concluded.
US Airways chief Doug Parker will head the combined company, and American CEO Tom Horton will essentially have a figurehead role before leaving the company at a later date.