US Airways Group Inc.’s merger talks with bankrupt American Airlines are intensifying as the sides try to agree on control of a combined company before confidentiality accords expire next week, people familiar with the matter said.
An American Airlines merger with US Airways Group Inc. may not occur during the AMR Corp. unit’s bankruptcy unless pilot groups from the carriers agree on interim contract terms, American’s pilot union said.
Sweetwater Energy Inc., a closely held company that supplies systems that extract fermentable sugars from non-food plants, received $9 million to develop its technology for biofuel and biochemical refiners.
American Airlines pilot union leaders remained steadfast in backing a merger with US Airways Group Inc. after a meeting in which Chief Executive Officer Tom Horton outlined his plan for a stand-alone exit from bankruptcy.
A group of AMR Corp. bondholders with about $885 million in debt has told pilots that its support for a stand-alone American Airlines after bankruptcy would be conditioned on the appointment of a new board.
The lawyer for AMR Corp.’s unsecured creditors committee warned American Airlines pilots of the risks of rejecting a tentative contract that would allow the carrier’s post-bankruptcy plan to be weighed against a US Airways Group Inc. merger, three people familiar with the matter said.
Chris Pantzke suffered a brain injury from a car bomb while serving in the Iraq War. Determined to get new skills and make a living after returning home, he joined more than 300,000 veterans taking advantage of a new GI Bill offering college tuition.