A US Airways plane (R) taxis for takeoff past an American Airlines plane at the Ronald Reagan Washington National Airport in Arlington County, Virginia, February 10, 2013, as negotiations continue this week between parent companies US Airways Group Inc an
AMR creditors approve American-US Air merger: sources
Posted : Wednesday, 13 February 2013 06:03PM
(Reuters) - The unsecured creditors committee of bankrupt American Airlines parent AMR Corp <AAMRQ.PK> has approved an $11 billion merger with US Airways Group Inc <LCC.N>, sources familiar with the situation said on Wednesday.
The deal will be announced Thursday, the sources said, assuming the boards of both companies approve it Wednesday night. AMR's unsecured creditors will be made whole under the terms of the deal and also get accrued interest, they added.
(Reporting By Soyoung Kim; Writing by Ben Berkowitz; Editing by Bernard Orr)
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