U.S. Airways Group Inc has made a formal merger proposal to American Airlines parent AMR Corp and its creditors that could value the combined airline at around $8.5 billion, a person familiar with the situation said on Friday. Under the all-stock proposal US Airways made in mid-November at a meeting with AMR’s unsecured creditors committee, …
The head of the nation’s fourth-biggest network airline says he hasn’t been able to press his case with American Airlines’ executives and its creditors that the best path out of bankruptcy for the nation’s third-biggest network airline is to merge with him.So he’s taking his case public. He told USA TODAY’s Editorial Board on Wednesday …
// Low-cost carrier Ryanair has announced its intention to make an all-cash offer of €1.30 (US$1.65) per share for the entire share capital of fellow Irish carrier Aer Lingus, valuing the company at €694 million ($880m). The announcement comes only days after Ryanair “welcomed” the decision by the UK Office of Fair Trading (OFT) to …
Delta Air Lines plans to add 88 Boeing 717s to its fleet, picking up planes that Southwest Airlines didn’t want anymore.Delta said it will start leasing the 717s next year as long as its pilots approve a new labor contract, which isn’t certain. Also, Southwest said some of the deal’s details still need to be …
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