American Airlines CEO Says His Resistance to a Merger Was a 'Poker Game'By
As the deal to create the world’s newest biggest airline moves toward completion, the departing chief executive of American Airlines today offered a slightly revised version of the merger’s history. It’s not that American never wanted to wed US Airways Group, Thomas Horton said in a speech to the Wings Club in New York. His airline was simply engaged in “a poker game” with a suitor that was offering the airline and its creditors a lousy deal for nearly a year.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Ford to Take $267 Million Hit From Recall of F-Series Trucks
- Racist Outburst Prompts Faber’s Exit From Three Company Boards