American Airlines Group Inc., formed today when AMR Corp. and US Airways Group Inc. combined, is poised to rise on confidence that the world’s largest carrier can avoid the pitfalls that dragged down other mergers.
As AMR Corp.’s American Airlines nears the end of two years in bankruptcy after winning approval to merge with US Airways Group Inc., the equally arduous chore of creating the world’s biggest carrier is poised to begin.
American Airlines Chief Executive Officer Tom Horton said “there’s a way” to reach a settlement with U.S. antitrust regulators seeking to block the merger of the AMR Corp. unit with US Airways Group Inc.
American Airlines and US Airways Group Inc. are in exploratory talks with the U.S. about settling the government’s lawsuit seeking to block their proposed merger, two people familiar with the matter said.
American Airlines’ plan to exit bankruptcy protection by merging with US Airways Group Inc. was approved by a judge who said a U.S. antitrust lawsuit seeking to block the deal was no reason to delay it.
US Airways Group Inc. Chief Executive Officer Doug Parker, after three failed attempts at major mergers, clinched a deal to combine with AMR Corp.’s American Airlines and form the world’s biggest carrier.
American Airlines has eliminated outside interference as the cause of the software malfunction that grounded its U.S. fleet and forced the cancellation of more than 1,000 flights, Chief Executive Officer Tom Horton said.