American Airlines could be merging with US Airways early next week, according to multiple U.S. media reports Thursday.
A deal for the two U.S. carriers’ merger is likely to be agreed on next week, the reports said.
The board of directors of Fort Worth-based American Airlines’ parent company, AMR Corp., is expected to meet next Monday to consider the deal, and an announcement could be made the next day, according to a local TV channel KHOU.
The Wall Street Journal reported on Thursday that AMR Corp. is in the final stages of talks with US Airways Group on a merger deal, and that an agreement could be reached as soon as February 15.
CBS station KTVT-TV in Dallas said it has learned that US Airways CEO Douglas Parker would probably run the new airline, which would be named American Airlines and is likely to stay headquartered in Fort Worth, Texas.
The Fort Worth Star-Telegram reported that a merger "could be announced as early as next week as the two companies move closer to finalizing details of a deal."
The two carriers’ boards of directors have to give the green light for the merger to occur. The judge overseeing AMR’s bankruptcy also has to sign off on any agreement, according to the reports.