AMR Corp. and US Airways are seeking to close their merger on Dec. 9, following today’s approval of the Dallas/Fort Worth-based carrier’s reorganization plan by the bankruptcy court overseeing its Chapter 11 restructuring.
Judge Sean Lane, who is overseeing AMR Corp.’s Chapter 11 reorganization, today said a decision on the airline’s proposed merger with US Airways could be made in the next few days and likely before the U.S. Thanksgiving holiday on Nov. 28.
Approval, which is expected, will allow the two operators to proceed with their consolidation and unite by their new deadline of mid-December.
The two companies had planned to complete the merger in August, but this was deferred while the companies settled a dispute with the U.S. Justice Department.
WASHINGTON - A bipartisan group of leading lawmakers are seeking guarantees from the DOJ that that services to small communities will be maintained after AMR Corp. and US Airways merge. (Photo: AMR Corp.)
Air Canada expects 2014 capacity to grow about 10% next year, a significant increase on the 2-2.5% rise in available seat-miles the carrier is forecasting for this year.
The 2014 increase in supply is the result of a fleet plan that adds six Boeing 787s, the planned growth of low-cost subsidiary Rouge and the final deliveries of high-density Boeing 777-300ERs, Air Canada said Nov. 8 during its third-quarter results earnings call.
Talks between Indigo Partners and Republic Airways over the sale of Frontier Airlines will continue for two more days, as the investment group pushes to “resolve all the conditions to close the transaction,” says Republic.
U.S. Attorney General Eric Holder says the Justice Department will only reach an out-of-court settlement with American Airlines and US Airways if the operators “fundamentally resolve the concerns” listed in the regulator’s lawsuit against their proposed merger.
WASHINGTON - JetBlue Airways is targeting high-density markets as part of an effort to control costs, and has initiated a significant fleet revamp and a major retrofit program to reach its goal. (Photo: Joe Pries Aviation)
WASHINGTON - A disappointed United Airlines management team says a poorly calibrated revenue management system, sub-optimal use of the fleet and pressure on Pacific yields, particularly in China, depressed the carrier’s third quarter financial performance, and that efforts already have started to increase revenue and control costs. (Photo: United Airlines)
Southwest Airlines Chief Executive Gary Kelly is confident the “very good revenue momentum” that produced a record third-quarter profit will continue into 2014, a year that should not see any capacity growth for the carrier.
US Airways expects to increase capacity 3-4% in 2014, roughly the same rate as this year, but without any change to its fleet count.
The growth plan maintains US Airways’ previous capacity strategy by upgauging older aircraft with larger Airbus A321s and A330s and, according to statements made by Chairman and CEO Doug Parker during the airline’s third-quarter earnings call, will continue to focus on increasing the airline’s presence in profitable markets.
“I always wanted a Mustang, ever since I was a kid,” says Wagner, a Beechcraft Bonanza pilot who took a big step up in size and horsepower when he purchased the Rolls-Royce Merlin-powered P-51D in 2007....More