American-U.S. Airways Merger Being Followed at EasterwoodFeatured Stories, News Friday, February 15th, 2013
For the second time in less than three years there’s an airline merger affecting Easterwood Airport.
Director of Aviation John Happ hopes the American Airlines merger with US Airways will be as seamless as United’s buyout of Continental.
Happ is excited about American getting out of bankruptcy, the potential of American Eagle expanding service locally, and the possibilities US Airways brings with its service to the east coast.
NEW YORK (AP) _ American Airlines and US Airways are announcing plans to merge, but it will be months, if not years, before passengers see any significant impact.
The $11 billion deal announced today (Wednesday) would create the world’s biggest airline. The combined carrier is to be called American Airlines, based in Fort Worth, Texas.
But the new company could operate as two separate airlines for quite some time.
American’s parent company, AMR Corp., is still under bankruptcy protection and will need the court to approve the deal.
US Airways shareholders will also have to vote for a merger. Then the Department of Transportation and the Justice Department must sign off.
The new company expects to have $40 billion in annual revenue and offer more than 6,700 daily flights to 336 destinations in 56 countries.
US Airways passengers will gain access to American’s international destinations, particularly London and Latin America. American’s passengers will be able to better connect to smaller U.S. cities that US Airways serves.
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