US Airways In Talks For American In Bankruptcy

: Chris Lee Law Firm

  Filed under: Chapter 11

us airways american mergerThe interest in acquiring American Airlines has been high ever since they filed for bankruptcy late last year. As one of the nation’s leading airlines, anyone acquiring American stands to gain a huge chunk of market share in the industry. The frontrunner these days is US Airways, who is reportedly in talks with many of American’s creditors over the idea of a possible merger.

Two Become One?

Mergers, buyouts, auctions and severe company cuts have all been the hot topics surrounding the American bankruptcy case. However, American has met some staunch opposition over some of their ideas for debt restructuring, some even leading to employee protests and consumer cry outs. With the jobs of thousands of employees, the fate of future routes and consumer services on the line, American has not had an easy time of deciding how to proceed.

American officials aren’t necessarily on board with the merger, as their current plan is to continue restructuring efforts such as voided labor contracts and some employee pension plans. Although US Airways has put forward their plans to acquire American, they must work quickly. They need to secure a deal with creditors before American exists Chapter 11, if they are to have a chance at merging. ┬áIf US Airways acquires American in the process, the competition among airlines would tighten significantly to three top players.

Check out some of our bankruptcy lawyer reviews.


Are you a candidate for bankruptcy?
Would you like to find out if bankruptcy is the right option for you? Try our Free Online Bankruptcy Evaluation. 4 easy steps to see if bankruptcy could be the right option for you!
  • Step 1
  • Step 2
  • Step 3
  • Step 4
Please Select Each Box That Applies To You
Creditor Harassment
Loss of Income
Disability or Illness
Current Expenses
Auto Loans
Credit Cards
Medical Bills
Payday Loans
Do you have any additional information you would like to share?
Contact Information