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American-US Airways Merger Proposal In The Works?

9:59 AM, Nov 6, 2012   |    comments
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Might there be new updates today regarding US Airways' efforts to merge with American Airlines?

The Dallas Morning News suggests its possible, citing unnamed sources in a Nov. 2 report saying that the two sides are schedule to meet today.

THE DALLAS MORNING NEWS: American-US Airways merger proposal expected to come soon

The Morning News writes:

Several parties in a position to know say they expect US Airways to make an official offer in early November as it presses its case that such a deal would be good for both airlines. ...
All the interested parties - the two airlines, the unsecured creditors committee, their advisers and major creditors - are scheduled to meet Tuesday to discuss the pros and cons of a merger and other "strategic alternatives."

The Morning News says the meeting initially was to have occurred last week in New York, but was postponed because of the effects of Hurricane/"superstorm" Sandy.

of the effects of Hurricane/"superstorm" Sandy.

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