Tag Archives: 737301

American and US Airways announce they are now formally exploring a merger

American Airlines (Dallas/Fort Worth) and US Airways (Phoenix) announced today they are now officially exploring a merger. The following statement was issued this morning:

“AMR Corporation (“AMR”), the parent company of American Airlines®, and US Airways Group, Inc. today announced that they have entered into a non-disclosure agreement (“NDA”), under which the companies have agreed to exchange certain confidential information and, in close collaboration with AMR’s Unsecured Creditors Committee, to work in good faith to evaluate a potential combination.

The companies do not expect to provide any further announcements regarding the status of any such discussions unless and until the parties have entered into a transaction or discussions between the parties have been terminated. Furthermore, AMR and US Airways have each agreed while they are evaluating a potential combination that they and their representatives will not engage in discussions with other parties concerning a potential combination of AMR and US Airways. The companies noted that there can be no assurance that a transaction will result from these discussions.”

Top Copyright Photo: Bruce Drum. American is a large Boeing operator with Airbus aircraft on order. Boeing 737-823 N959AN (msn 30828) taxies at Miami.

American Airlines:

US Airways:

Bottom Copyright Photo: Bruce Drum. US Airways has a large Airbus fleet. The company is also getting ready to phase out its last Boeing 737-300 after Labor Day. Boeing 737-301 N574US (msn 23739) departs from Charlotte.

Northern Air Cargo leases its second Boeing 737-300 freighter

Northern Air Cargo-NAC (Anchorage) on June 18 leased its second Boeing 737-300 freighter. Boeing 737-301 (SF) N361NC (msn 23260) was formerly operated by Bluebird Cargo as TF-BBI.

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, leased the freighter to NAC, a new customer for GECAS.

The aircraft will be used to upgrade and expand Northern Air Cargo’s fleet.

Privately held Northern Air Cargo operates scheduled freight service to destinations in Alaska and the Pacific Northwest as well as charter freight service to other locations throughout North America. The carrier operates a fleet of five cargo aircraft.

Copyright Photo: TMK Photography. The pictured Boeing 737-301 (SF) N360WA (msn 23553) was the first, delivered on October 28, 2010.

NAC-Northern Air Cargo: