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American, US Airways announce $11 billion merger

By: From Wire Reports
By: From Wire Reports

DALLAS (AP) - American Airlines and US Airways say they're merging in a deal they value at $11 billion, creating the world's biggest airline.

The combined carrier will be called American Airlines but run by US Airways CEO Doug Parker.

The airlines announced their deal Thursday.

It reduces the number of major U.S. airlines to four.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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