American Airlines and US Airways have officially announced that they will merge, to form an $11 billion airline.
The new carrier will operate under the American Airlines name and will have “a robust global network and a strong financial foundation”, American said today.
Doug Parker, CEO of US Airways, will serve as the new airline’s chief executive; while Thomas Horton, CEO of American, will become chairman of the new board of directors.
“Today, we are proud to launch the new American Airlines – a premier global carrier well equipped to compete and win against the best in the world,” said Horton.
“Together, we will be even better positioned to deliver for all of our stakeholders, including our customers, people, investors, partners, and the many communities we serve.
“The combination of American and US Airways brings together two highly complementary networks with access to the best destinations around the globe and gives us a strong platform to provide our customers the most connected, comfortable travel experience available.”
Parker added: “Today marks an exciting new chapter for American Airlines and US Airways.
“American Airlines is one of the world's most iconic brands.
“The combined airline will have the scale, breadth and capabilities to compete more effectively and profitably in the global marketplace.”