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US: Shareholders ignore opposition, clear US Airways, American merger

By  |  July 12, 2013
US: Shareholders ignore opposition, clear US Airways, American merger

Despite controversy surrounding the deal, shareholders for US Airways announced shareholder approval for a merger with American Airlines on Friday, pushing the companies one step closer to becoming the world’s largest airline. The approval was announced by US Airways CEO Doug Parker and, in a statement, said the market’s “landscape has changed as other mergers have taken place.” Parker was chosen to head the new company pending regulatory clearance. The additional mergers Parker referred to include deals between Northwest and Delta, and Southwest and AirTran, creating carriers larger than US Airways and making it more difficult for the airline to compete. Opposition to the deal says airfare will rise for consumers.

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    Full Content: USA Today

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