Despite being lampooned by the CEO of American-Airlines-parent AMR (AAMRQ) as small potatoes, U.S. Airways (LCC) is trying hard to merge with the airline, the Wall Street Journal reported.
US Airways has been speaking to creditors and union advisers connected to the bankrupt airline, trying to convince them that a merger would create cost savings and possibly save union workers from having to accept big cuts, the Journal says.
AMR has said it wants to exit bankruptcy as an independent company, and the company’s CEO even ridiculed the idea of a US Airways deal a couple of months ago, calling it “a small company very strategically limited, I would argue.”
But the Journal reports that AMR’s creditors and union reps have been “receptive” to the merger idea.
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