Tag Archives: 19000183

AMR and US Airways Group extend their merger agreement

AMR Corporation (Dallas/Fort Worth), the parent company of American Airlines, Inc., (Dallas/Fort Worth) and US Airways Group, Inc. (Phoenix), the parent of US Airways (Phoenix), have each agreed to extend the outside date at which either party may terminate the previously announced Agreement and Plan of Merger (the Merger Agreement), in light of the trial schedule surrounding litigation with U.S. Department of Justice (DOJ).

In a joint statement, Tom Horton, chairman, president and CEO of AMR, and Doug Parker, chairman and CEO of US Airways, said, “The Boards and management teams of AMR and US Airways remain committed to completing this combination to create the new American, and the extension of this outside date is a reflection of this commitment. Our focus is on mounting a vigorous defense and winning our court case so the new American can enhance competition, provide better service to our customers and create more opportunities for our employees.”

The amended Merger Agreement extends the date on which either AMR or US Airways may terminate the Merger Agreement from December 17, 2013 to the later of January 18, 2014, or, if the Court enters an order on or before January 17, 2014 in favor of American and US Airways, on the 15th day following the entry of such order.  In the event of an unfavorable ruling by the Court, AMR or US Airways may terminate the merger agreement five days after the Court enters a final, but appealable, order permanently enjoining the merger.

Top Copyright Photo: Brian McDonough/AirlinersGallery.com. American’s Boeing 737-823 N925NN (msn 31169) prepares to touch down at Washington’s Reagan National Airport.

American Airlines: AG Slide Show

US Airways: AG Slide Show

Bottom Copyright Photo: Jay Selman/AirlinersGallery.com. US Airways’ Embraer ERJ 190-100 IGW N961UW (msn 19000183) taxies to the runway at the Charlotte hub.

Republic to acquire 10 ERJ 190s from US Airways

Copyright Photo: Jay Selman.  Please click on photo for full view, information and other photos.

Copyright Photo: Jay Selman. Please click on photo for full view, information and other photos.

Copyright Photo: Brian McDonough.  Please click on photo for full view, information and other photos.

Copyright Photo: Brian McDonough. Please click on photo for full view, information and other photos.

Republic Airways Holdings (Indianapolis) has now confirmed our earlier report. The holding company will acquire 10 Embraer ERJ 190-100 IGW aircraft (ERJ 190-100ARs) from US Airways. The first four (N961UW and N963UW have already left US) will enter service flying for its subsidiary Midwest Airlines (probably operated by Republic Airlines) in November and December. The other six will enter service in the first quarter of 2010 for its “branded operations” (believed to also include some flying for Frontier Airlines). Republic will apply $35 million it loaded to US Airways towards the purchase.

Press release:

finance.yahoo.com/news/Republic-Airways-to-Acquire-bw-3710826396.html?x=0&.v=1

US Airways removes two ERJ 190s from service

US Airways (Phoenix) has begun selling off some of its Embraer ERJ 190s.  N961UW and N963UW were removed from service and ferried to Pittsburgh yesterday (October 5) for a new operator.

Copyright Photo: Jay Selman.  Please click on photo for full view, information and other photos.

Copyright Photo: Jay Selman. Please click on photo for full view, information and other photos.