As Clock Ticks, 7,000-plus AA Employees in Tulsa Await Outcome
Tulsa World: US Airways, AMR talks said to intensify as deadline looms
By Staff and Wire Reports, Published: 2/7/2013
US Airways Group Inc.’s merger talks with bankrupt American Airlines are intensifying as the sides try to agree on control of a combined company before confidentiality accords expire next week, people familiar with the matter said.
No decisions have been made on how ownership would be split between creditors of American parent AMR Corp. and US Airways investors or who would lead the carrier, said the people, who asked not to be identified because the discussions are private.
A deal would create the world’s largest airline, vaulting it past the rivals that eclipsed American amid a consolidation wave during the past decade. A combined carrier would be valued at almost $13.1 billion, according to Dan McKenzie, a Buckingham Research Group Inc. analyst in New York.