Deals
US Airways Moves Toward AMR Merger With Pact to Share Books
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US Airways Group Inc. moved closer to a possible merger with bankrupt American Airlines by signing a pact to swap private financial and operations data, a step already taken by potential investor British Airways.
The U.S. airlines will work “in close collaboration” with American’s unsecured creditors committee in the process, the carriers said in a statement today. The panel has a voice in major decisions during the bankruptcy, in which American has sought to restructure while keeping its independence.