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American Airlines, US Airways announce $11 billion merger

The airlines will maintain all domestic hubs and operate 6,700 flights daily, according to their CEOs

American Airlines (AA) and US Airways have agreed to a merger deal that would create the world’s largest airline, valued at $11 billion.

The boards of US Airways and AA parent company AMR Corp. voted unanimously to approve the merger, which still must receive antitrust clearance from federal regulators. The proposal also needs approval from the bankruptcy court that has overseen AMR’s restructuring since its November 2011 Chapter 11 filing.

Alanna Byrne

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