Friday, January 25, 2013

Reuters: Merger may come within the next two weeks

Reuters is reporting that negotiations for a US Airways-American Airlines merger are in the final stages, and a final decision could come within two weeks.

Citing four people familiar with the matter, Reuters said that a management structure and valuation are the major outstanding points left to resolve.

The article stresses that negotiations could still fail to produce a merger, but that an independent exit from Chapter 11 bankruptcy is looking less likely for American. Interestingly, Reuters notes that AMR's board of directors still considers an independent exit to be a viable option for the airline.

The board will meet Monday and Tuesday to discuss the possible merger, Reuters said. Read the full article here.