Posted on Wednesday, April 24th, 2013 at 6:30 pm
Major carriers American Airlines of Fort Worth, Texas and U.S. Airways, based in Arizona, will become the world’s largest airline with the approval of the two companies’ merger.
New York-based U.S. bankruptcy judge Sean Lane approved of the airlines’ merger Wednesday, March 27, as a form of restructuring plan for AMR Corp., parent company of American Airlines, which has been in a state of bankruptcy since November 2011.
U.S. Airways chairman and CEO Doug Parker said the public can expect more flights and destinations, in addition to no fare increases.
The next step in the restructuring process is to have the Justice Department approve of the merger. If everything goes according to plan, American Airlines is predicted to be out of bankruptcy by September.
Facing bankruptcy as a business can be daunting, unless you have the guidance of a skilled lawyer from the Russell Van Beustring P.C. Understand your options and how you can potentially keep your company while addressing debts by calling 713-973-6650.