American-US Airways merge to create world's largest airline
Reuters: New York, Feb 14 2013, 10:44 IST
to be named because the matter was not public. US Airways declined to comment while AMR representatives could not be immediately reached for comment.
The deal comes more than 14 months after the bankrupt parent of American Airlines filed for bankruptcy in November 2011, and would mark the last combination of legacy U.S. carriers, following the Delta-Northwest and United-Continental mergers.
A tie-up with US Airways would create the world's top airline by passenger traffic and help American and US Air better compete with United Continental Holdings and Delta Air Lines.
Some $11 billion valuation of the combined American-US Airways compares to the roughly $12.4 billion market capitalization for Delta, and $8.7 billion for United Continental.
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