AMR Corportation and US Airways Enter Non-Disclosure Agreement

American Airlines 737-800

Will US Airways and American Airlines Merge?

AMR Corporation, parent company of American Airlines, is working to get out of Chapter 11 bankruptcy in an atmosphere where many “takeover” or “merger” rumors exist. AMR’s intentions were to exit as a stand-alone carrier, but as many as six carriers are looking at American.

However, a wildcard appeared today, Friday, August 31, 2012 — Both AMR Corporation and US Airways Group (NYSE: LLC) made it public that they’ve entered into a non-disclosure agreement.

The agreement allows the two companies to exchange specific, confidential information, as well to work in close collaboration with AMR’s Unsecured Creditors Committee and do so in good faith to evaluate a potential combination.

This alone does not mean the two companies will combine, but it’s a significant first step.

Both AMR Corporation and US Airways Group have further announced not to expect any further announcements regarding the status of any such discussions unless and until the parties have entered into a transaction or discussions between the parties have been terminated.

As part of the non-disclosure agreement, AMR (American Airlines) and US Airways have each agreed while evaluating a potential combination that they and their representatives will not engage in discussions with other parties concerning a potential combination of AMR and US Airways. The companies noted that there can be no assurance that a transaction will result from these discussions.

Other airline are currently looking at American Airlines as they re-organize in Chapter 11.

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