US Airways is wooing AMR creditors with talk of merger, sources say

04/4/2012 | Wall Street Journal, The

Representatives of US Airways have made overtures to a number of AMR Corp. creditors, telling them that a merger between American Airlines and US Airways would generate about $1 billion in revenue and $500 million in savings, sources say. Initial estimates place the synergy of a consolidation between the two carriers amounting to more than $2 billion.

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Wall Street Journal, The

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