After months of negotiation, Doug Parker, CEO of the US Airways announced that US Air and American have agreed to merge together creating the largest airlines in the world. The two companies agreed to an $11 billion deal allowing the American parent AMR to avoid bankruptcy.
The combined carrier will be called American Airlines and be based in Fort Worth however Phoenix will remain a corporate and operational hub.
Doug Parker email: Today we announced that American Airlines and US Airways will combine to create a premier global carrier. Operating under the iconic American Airlines name, one of the most recognized brands in the world, the combined airline will have a robust global network, a strong financial foundation and one of the most modern and efficient fleets in the industry. We are excited about what the combination of our two great airlines means for our valued customers.
The combined company will retain the iconic American Airlines brand name, and will provide you with more choices and better service throughout the world. The combined company will be headquartered in Dallas-Fort Worth and will maintain a significant corporate, operational and hub presence in Phoenix.