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 07.30.14/Oshkosh Day 3! ** HD iPad-Friendly Version--Airborne 07.30.14/Oshkosh Day 3 **
** Airborne 07.29.14/Oshkosh Day 2! ** HD iPad-Friendly Version--Airborne 07.29.14/Oshkosh Day 2 **
** Airborne 07.28.14/Oshkosh Day 1! ** HD iPad-Friendly Version--Airborne 07.28.14/Oshkosh Day 1 **

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

ICON Aircraft Constructs And Flies First Production A5

ESN-1 Was Built From The Production Design, Tooling After years of waiting... and doubting... ICON Aircraft has unveiled what it says is the first production A5, an aircraft the co>[...]

Airborne 07.30.14: WomenVenture 2014, Skycraft Update, IMC Club Award

Also: AvNav EFB, Lockheed Martin, One Week Wonder Update, Pelton Intvw-Part3 It was hard to miss the energy, enthusiasm, and interest in aviation by hundreds of women celebrating a>[...]

EAA Holds Annual Meeting

Membership Feels Flight Path Still On The Center Line EAA held its annual membership meeting on Wednesday, at 08:30 on 30 July 2014 at Oshkosh, WI. in the Theater of the Woods. In >[...]

Historic OSH2014 Sponsor: Bendix-King by Honeywell

OSH2014 Sponsor: Bendix-King by Honeywell The history of the Bendix name runs parallel to the development of King Radio until the mid-1980s, when the Allied Corporation purchased B>[...]

Life-Saving OSH2014 Sponsor: BRS Parachutes

BRS Parachutes: Defining Aviation Safety It's a simple idea, really. A parachute which will, when deployed, turn what could be a very bad situation into one in which not only the o>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC