American Airlines' Merger Could Come This Week

Written By Unknown on Selasa, 12 Februari 2013 | 23.47

Scott Gordon, NBC 5 News

People with knowledge of the high-level talks said CEO Tom Horton was pushing for more time and hadn't yet accepted a lesser position with a combined company. One person suggested he was actively working to kill the deal.

American Airlines Moves to Slow Merger...

Copy

Close

Link to this video

Copy

Close

Embed this video

Replay

advertisement

Click Here!

American Airlines and US Airways appear ready to announce a merger in the next few days.

One person pushing the merger said that the timeline could be pushed back because of resistance from American executives, but another source close to the Fort Worth-based carrier said negotiations were progressing and appeared to be on-schedule.

Nobody wanted to be named because of the sensitivity of the negotiations.

Under the merger scenario described to NBC 5 and widely reported, US Airways CEO Doug Parker would run the combined airline. American CEO Tom Horton would be named non-executive chairman for a period of one or two years.

Some board members appeared to be pushing for Horton to have a more meaningful role in the new company. His supporters on the board believe he has done a good job guiding the airline through the difficult bankruptcy process.

Horton replaced former CEO Gerard Arpey when American declared bankruptcy in November 2011.

When talk of a merger first surfaced, Horton said he preferred to wait until American exited bankruptcy as a standalone company.

Pressured by creditors, Horton then agreed to consider the idea and entered into confidential talks with US Airways and others.

US Airways executives wooed American's employee groups with offers of higher pay and benefits. AA's union leaders, who have had a testy relationship with management for years, jumped on board with the merger idea.

US Airways' executives have said if they are successful, they would keep the airline's headquarters in Fort Worth. The company would also keep the American brand. The name US Airways would go away.

Get the latest headlines sent to your inbox!


Anda sedang membaca artikel tentang

American Airlines' Merger Could Come This Week

Dengan url

http://katamujarab.blogspot.com/2013/02/american-airlines-merger-could-come.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

American Airlines' Merger Could Come This Week

namun jangan lupa untuk meletakkan link

American Airlines' Merger Could Come This Week

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger