Sources: US Airways In Talks To Buy Out American Airlines
By: Bloomberg Business
Updated: March 23, 2012
U.S. Airways' plan to take over American Airlines is getting closer to takeoff.
Sources tell Bloomberg Business the airline is talking with financial backers about buying out AMR, American's parent company.
Executives have laid out details of US Airways' proposal for a combined airline to some members of the unsecured creditors committee and gotten a positive reception, said the sources, who declined to be identified because the terms aren't public. The goal would be to complete a merger before AMR exits bankruptcy.
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Sources tell Bloomberg Business the airline is talking with financial backers about buying out AMR, American's parent company.
Executives have laid out details of US Airways' proposal for a combined airline to some members of the unsecured creditors committee and gotten a positive reception, said the sources, who declined to be identified because the terms aren't public. The goal would be to complete a merger before AMR exits bankruptcy.
Click here for more details on this story.
