US Airways, American one step closer to merger
Tempe-based US Airways is one step closer to merging with American Airlines following a judge’s decision Wednesday.
American has been in Chapter 11 bankruptcy since late 2011, so it needed a court’s approval before the deal could go forward.
In his decision,
Horton might still get his payout though, if the board of directors of the new airline signs off.
The merger still needs to be approved by the Justice Department and shareholders.