AMR and US Airways receive European Commission approval for merger

By Caroline Salls

Pittsburgh, Aug. 5 - AMR Corp. and US Airways Group, Inc. received clearance from the European Commission under the EC Merger Regulation for their proposed merger, according to an AMR news release.

"This represents one of the final milestones on our path to becoming the new American Airlines," AMR chairman, president and chief executive officer and incoming chairman of the combined company Tom Horton said in the release.

Doug Parker, chairman and CEO of US Airways and incoming CEO of the combined company, said in the release, "The new American will benefit customers in the United States, Europe and across the world by enhancing connectivity within the oneworld alliance and creating more options for travel both domestically and internationally."

The merger is subject to regulatory approvals, other customary closing conditions and confirmation of AMR's plan of reorganization by the U.S. Bankruptcy Court for the Southern District of New York. The companies continue to expect to complete the combination in the third quarter.

AMR Corp., the Fort Worth, Texas-based parent of American Airlines, filed for bankruptcy on Nov. 29, 2011. Its Chapter 11 case number is 11-15463.

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