US Airways twice proposed AA merger; second plan being considered

01/16/2013 | Fox Business

US Airways Group sent a letter April 20 to AMR CEO Tom Horton that contained the first proposal of a merger, sources say. The original proposal suggested US Airways own 50.1% of a merged carrier, but it was ignored by American Airlines. A second proposal in mid-November, which is under consideration, leaves US Airways shareholders with an ownership stake of around 30% in a merged carrier.

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