(NEW YORK) — US Airways appears to be pushing ahead with calls for a merger with American Airlines.
Citing people familiar with the matter, The Wall Street Journal reports US Airways has told some of the bankrupt carrier’s creditors that combining both airlines would lead to over $1.5 billion in cost savings and added sales.
AMR Corporation, the parent company of American Airlines, filed for Chapter 11 bankruptcy protection last November.
Last month, it was first reported that US Airways was in talks to takeover American. According to Bloomberg, proposals for the merger, laid out by US Airways executives, received a positive reception from some of the carrier’s creditors.
Copyright 2012 ABC News Radio
Tara Bench, KSL.com
Jethro Mullen Ivana Kottasova and Patrick Gillespie, CNN