US Airways CEO Says 'No Rush' On AMR Corp | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.18.15

Airborne 05.26.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.26.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

 

Sat, Jul 07, 2012

US Airways CEO Says 'No Rush' On AMR Corp

Requested For More Time To Formulate Exit Plan Will Delay Merger Talks

Any merger between AMR Corp, the parent of American Airlines and American Eagle, and US Airways Group would be unlikely before the end of the year, according to US Airways CEO Doug Parker. The message was sent in a Fourth of July note to the airline's employees.

US Airways has made no secret of its desire to make a formal bid for the struggling legacy carrier as it exits from Chapter 11 bankruptcy. But AMR recently asked a judge for more time to work on that exit strategy, which Parker (pictured) said would delay any formal bid. He said it was important to respect the bankruptcy process.

Reuters reports that Parker said that "there is no urgency to merge," and that as long as AMR remains in bankruptcy court, the speculation is likely to continue. Some of American's unions had called on the airline's management to open merger talks with US Airways, but American's pilot's union recently reached an agreement with the airline, and management is again talking with its flight attendants and mechanics.

Since declaring bankruptcy, American has held that it wants to emerge from the process as a stand-alone carrier, but has agreed to at least explore the possibility of merging with another airline. The unions had pushed for a deal with US Airways to help it with both its U.S. and international routes.

FMI: www.usairways.com

Advertisement

More News

Klyde Morris (05.25.15)

Klyde Gets Positively ElectroMagnetic FMI: www.klydemorris.com>[...]

NIMBY Group Looks To Stir Up Anti-KSMO Sentiment

Soliciting Complaint Forms For Members Of Congress To Take To The FAA In an effort to have further restrictions placed on Santa Monica Airport ... or close it all together ... a gr>[...]

Airborne 05.22.15: Falcon 5X Readies, Avidyne AD, LadiesLoveTaildraggers 2015

Also: Air Power Museum, ANN Could Use A Little Help From Its Friends, GE Honda, Mexican-Registry TBM 900, Legacy 500, BBJ Winglets, Wheels Up Order The new Falcon 5X is getting clo>[...]

Aero-News: Quote Of The Day (05.25.15)

“It is the Sikorsky Innovations charter to identify the toughest challenges in vertical flight, and to demonstrate solutions to them. Getting an all-new aircraft into flight,>[...]

Aero-TV: Just Like The 'Real' Thing – Redbird/Disney’s ‘Dusty’ FlightSim

Disclaimer: No Matter What He Tells You, Tom Patton Is Not A Certified Firefighting Pilot While at EAA AirVenture 2014, ANN News Editor, Tom Patton checked out what was going on at>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC