American-U.S. Airways Merger Delayed
DALLAS (KMOX/AP) - It’s not a cancellation, but there is a flight delay for the U.S. Airways takeover of American Airlines.
This was to have been the week for the deal to be announced, but the Associated Press is quoting sources as saying there’s been another delay.
AP sources say a meeting between the boards of the two airlines early this week has now been postponed indefinitely.
AMR is the parent firm of American Airlines and the AP has learned the AMR board wants a meeting in person, while the U.S. Airways board will only meet after the AMR board approves the deal.
American is bankrupt, and U.S. Airways would be the survivor in a merger, even though the new airline would still be called “American” and still be headquartered in Texas.
Other sources say American CEO Tom Horton wants a role in the new company or at least a large severance package.
American once had a hub in St. Louis and still has the second-highest number of flights at Lambert Airport.
The Associated Press says it is not clear when the U.S. Air -American Airlines board meeting might be held.
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