Vladimír Urbánek (Kurzy.cz)
World markets  |  February 12, 2013 18:43:20

It sketches the emergence of the largest airlines in the world - U.S. Airways merges with AMR

According to agency reports U.S. airlines U.S. Airways and AMR, the parent company of American Airlines is reportedly close to agreement on mutual connection. Mutual merger with an estimated value of approximately $ 11 billion would create a world leader in the sector of air passenger transport. Agreement both airlines should announce this week after resolving issues price and management structure, communicated to agencies on Sunday informed sources.

AMR 14 months ago had to resort under protection from creditors. Since then tries through restructuring to return to profitability.

After the merger, the new company would be owned 72% of creditors AMR and U.S. Airways shareholders the rest.

The combined company would be based on data for last year's revenue of $ 38.70 billion. Would slightly ahead of United Continental, which earned 37.15 billion USD.

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