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Puckinflight

An all things aviation blog

Bloomberg is reporting that AA and US board of directors will both meet on Monday to vote on the proposed merger.

http://www.bloomberg.com/news/2013-02-08/amr-us-airways-said-near-merger-deal-as-boards-to-vote.html

The combined carrier will be called American Airlines and will be 72% held by the creditors committee. The other 28% will be held by US Airways stockholders. American stockholders will be bought out, at a yet to be determined price. Doug Parker will become CEO and Tim Horton the non-executive chairman for one to two years. In a move that looks a lot like the UA merger.

There are still details to be worked out, but it looks like it really could happen.

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