Source: AMR, US Airways delay meeting on merger

Published on NewsOK Modified: February 10, 2013 at 4:36 pm •  Published: February 10, 2013
Advertisement
;

DALLAS (AP) — The boards of American Airlines parent AMR Corp. and US Airways have pushed back meetings to consider final plans for their merger, Associated Press sources say.

A source close to the matter said Sunday that the AMR board wants to meet in person, and that the US Airways board would only meet after the AMR board approves a deal. The source requested anonymity because the talks are private.

It is not clear when the two boards would finally meet. People familiar with the matter said negotiations are continuing, on issues that include AMR CEO Tom Horton's exact title and role in the combined company.

Discussions were centered on Horton being a non-executive chairman of the board while US Airways management, led by CEO Doug Parker, would run the day-to-day operations of the new carrier, which would keep the American Airlines name.

The negotiations could still fall apart. United Airlines and Continental Airlines were within days of announcing a merger in 2008 when that deal fell apart, although they later resumed talks and completed a deal in 2010.



Trending Now


AROUND THE WEB

  1. 1
    Oklahoma State's Justin Gilbert signs his rookie contract with the Cleveland Browns
  2. 2
    Tulsa police believe mother, teen son planned deaths together
  3. 3
    Kevin Durant asks for your basketball videos in Summer is Serious 2
  4. 4
    Big 12 basketball: Time, TV listing announced for Sooners' December game against Washington
  5. 5
    Lawsuit: 'Duck Dynasty' stole 'camo' idea
+ show more