US Airways/America West agree to merge

[Scottie Dog]

Just received a newsflash to say that the above have agreed to merge and use the US Airways name as national carrier.

Scottie Dog

[GlueBall]

Two losers don't make a winner. :{

[Rollingthunder]

Announcement to come after close of trading today - about two hours from now. Merger to unfold in stages.

I have the feeling GE Capital is going to be the largest shareholder in all US airlines.

[Globaliser]

In fact, the FT (http://news.ft.com/cms/s/bf662c08-c8ac-11d9-87c9-00000e2511c8.html) is already reporting this as announced (at 2228 BST):-America West and US Airways on Thursday announced plans to merge. If approved the deal, which will be financed by $1.5bn in fresh capital, will create the sixth largest airline in the US.

Shares were halted ahead of the announcment.

The rest of this article is for FT.com subscribers onlyEdited to add: More freely-readable details also available at Bloomberg (http://quote.bloomberg.com/apps/news?pid=10000006&sid=aU7I0HdTJd2E&refer=home) and Reuters (http://today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2005-05-19T215518Z_01_N19668500_RTRIDST_0_BUSINESS-AIRLINES-MERGER-DC.XML).

[panda-k-bear]

:rolleyes: WHat can you say?

[Lolo737]

AOL News reports:

http://aolsvc.news.aol.com/news/article.adp?id=20050519181209990005&_ccc=4&cid=842

[codpiece face]

Airbus are to take some sort of stake in the new company who have stated they intend to order the a350, and go to an all airbus fleet. Air Canada are to invest also with a view to doing some of the airlines heavy maintenance possibly in Winnipeg.

[airmemphis]

and use the US Airways name as national carrier.

Why? Surely there are other US airlines who deserve that title?