US Airways presents $18-billion alternate plan to merge with Delta, using bankruptcy tools to spur wave of merger fever
Consolidation of the U.S. airline industry toward three or perhaps four network carriers, at long last, has begun. The trigger for a new round of concentration of the six largest major airlines came from an unexpected source. US Airways, still merging with partner America West, is seeking to include the U.S.'s third-biggest carrier, Delta Air Lines, itself in bankruptcy reorganization, to create the nation's largest airline. The audacious proposal, coming from US Airways Chairman W. ...
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