US Airways makes a formal merger proposal to American Airlines

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US Airways (Phoenix) has presented a formal merger proposal to American Airlines (Dallas/Fort Worth) according to a report by the Associated Press as reported by the Charlotte Observer. Under the proposal, US Airways’ CEO Doug Parker would head the new company which would retain the American name and the Dallas/Fort Worth headquarters.

Additionally American Airlines’ pilots have approved the new labor contract paving the way for AA to exit Chapter 11 bankruptcy reorganization and also a possible merger with US Airways. American’s CEO Tom Horton, who is likely to lose his job in any merger, has told his employees a decision on the merger proposal will be coming soon.

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In other news, US Airways will launch daily nonstop service to Sao Paulo, Brazil from its largest hub at Charlotte, North Carolina beginning on May 5, 2013.  The new route is US Airways’ second destination in South America and complements the airline’s existing nonstop service to Rio de Janeiro from Charlotte. US Airways will operate service to Brazil’s largest city on Boeing 767-200 ER aircraft with seating for 18 in Envoy, US Airways’ international business class, and 186 in the main cabin.

Copyright Photo: Bruce Drum. US Airways’ Boeing 767-2B7 ER N256AY (msn 26847) departs from the Charlotte hub. The additional long-range routes are extending the career for the wide-body type with US Airways. A merger with AA would end the US Airways name and brand. However with Doug Parker in control of a new American Airlines there will also be a new long-overdue brand for AA for sure.

American Airlines: Image may be NSFW.
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US Airways: Image may be NSFW.
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Image may be NSFW.
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Image may be NSFW.
Clik here to view.