Combined Airlines Re-Affirm Commitment to Texas Operations
OREANDA-NEWS. Texas Attorney General Greg Abbott, AMR Corporation (OTCQB: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (NYSE: LCC) today announced they have reached an agreement for the Texas Attorney General to support the proposed merger of American and US Airways.
Under the terms of the agreement, the new American Airlines will maintain scheduled daily service to more than twenty airports in Texas. In addition, the agreement provides that Dallas/Fort Worth International Airport be maintained as a large hub airport for the combined airline and that the new American will maintain its headquarters in the Dallas/Fort Worth area.
The State of Texas had previously joined the U.S. Department of Justice (\”DOJ\”) as co-plaintiff in its pending suit to block the merger of American Airlines and US Airways. With today's agreement, the Texas Attorney General has agreed to withdraw his participation in the DOJ's lawsuit.
\”I'm pleased we were able to find common ground and gain the carefully considered support of the Attorney General in our home state,\” said Tom Horton, chairman, president and CEO of AMR. \”This is an important step forward for American Airlines, for Texas, and for our customers and people of both American and US Airways. Texas has long played a lead role in our company's history, and this agreement is assurance of our commitment to maintain and enhance the outstanding levels of service and connectivity that the new American will provide to the citizens of Texas. This merger will enhance job security and career opportunities for our combined Texas based employee base of nearly 25,000. The combined airline will fly more people and more goods to more places while providing more competition to benefit customers in the U.S. and abroad. We thank Attorney General Abbott for his partnership in finding a solution and also thank the people of American and US Airways for their continued support of the merger.\”
Doug Parker, chairman and CEO of US Airways, said the following: \”We are grateful to have the support of Attorney General Abbott. In addition, the support for the merger from the employees of American Airlines and US Airways has been overwhelming. This combination makes sense for our customers, employees and the communities we serve. We are dedicated to completing this merger on behalf of all of them.\”
Texas airports included in the agreement include:
Abilene Regional Airport
Austin-Bergstrom International Airport
Brownsville/South Padre Island International Airport
Corpus Christi International Airport
Dallas/Fort Worth International Airport
East Texas Regional Airport
Easterwood Airport
El Paso International Airport
Houston William P. Hobby Airport
Houston George Bush Intercontinental Airport
Jack Brooks Regional Airport
Killeen-Fort Hood Regional Airport
Laredo International Airport
Lubbock Preston Smith International Airport
McAllen-Miller International Airport
Midland International Airport
Rick Husband Amarillo International Airport
San Angelo Regional Airport
San Antonio International Airport
Tyler Pounds Regional Airport
Waco Regional Airport
Wichita Falls Regional Airport
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