American and US Airways 'to merge'
American Airlines and US Airways are planning to form one of the world's biggest airlines, bringing American Airlines closer in value to rival Delta Airlines, with an estimated market valuation of $11bn (£7bn).
The lion's share of the new company will reportedly be owned by American Airlines' bankruptcy creditors, who will have 72% of the company.
Not including affiliates, it will have around 900 aircraft and run more than 3,000 flights, employing 100,000 people.
Michelle Fleury reports.
14 Feb 2013
- From the section Business