AMR Corp, the parent company of American Airlines, has applied to list its stock on the NASDAQ Global Select Market.
Upon closing of the merger between American and US Airways, and AMR’s emergence from bankruptcy protection, the combined company will be renamed American Airlines Group Inc and will use the NASDAQ ticker symbol ‘AAL’. Following this, the former stock of both US Airways and AMR Corp will be cancelled.
“Today we moved another step closer in our preparations to launch the new American Airlines. NASDAQ offers a most advanced trading platform driven by innovation and efficiency – qualities that complement the new American,” said Tom Horton, AMR’s chairman, president & CEO, and incoming chairman of the new American Airlines.
Completion of the American-US merger remains subject to approval by the US Bankruptcy Court, but the companies expect to complete the deal in December 2013.