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American, US Airways to form largest U.S. airline

Markets

Thursday, February 14, 2013

AMR Corp, the parent of American Airlines, and US Airways Group have agreed to merge under the American Airlines name, creating the largest carrier in the United States. Since AMR is still under restructuring, the deal is contingent upon approval by the U.S. Bankruptcy Court for the Southern District of New York. The boards of both companies approved a merger yesterday after months of negotiation behind closed doors and endless speculation by the press. The merge...

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