Posted by: youngragingbull | February 13, 2013

American Airlines & U.S. Airways get board approval: WSJ

The boards of American Airlines parent AMR Corp. and US Airways Group Inc. each voted to approve a merger to create the world’s largest airline, The Wall Street Journal reported late Wednesday.

The merger will be formally announced Thursday, according to the report, which cited people familiar with the matter.

US Airways Chief Executive Doug Parker will be named as CEO of the merged entity while AMR CEO Tom Horton will serve as non-executive chairman, the report said.

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