American Airlines moves closer to merger

American Airlines moves closer to merger

American Airlines carried 106m passengers in 2011
American Airlines carried 106m passengers in 2011

American Airlines’ parent company, AMR Corp, has signed a non-disclosure agreement with US Airways, paving the way for a possible merger.

The new agreement will enable the two parties to exchange confidential information in order to evaluate the merits of a possible merger. The companies said they do not expect to provide any further announcements regarding the discussions “until the parties have entered into a transaction or discussions between the parties have been terminated”.

According to Bloomberg, American’s partner British Airways is also involved in the non-disclosure agreement.

If completed, the merger would lead to the creation of the world’s largest airline in terms of passenger traffic, catering to almost 170 million passengers per year.

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