As first announced on the Airways Facebook page, AMR, parent of AMERICAN AIRLINES, and the US AIRWAYS Group confirmed they intend to merge. The companies anticipate securing regulatory approval and completing the transaction by the end of September. Doug Parker of US Airways will become CEO of the combine, which will retain the American name along with the recently unveiled image (Airways, April 2013). American's CEO Tom Horton will be elevated to non-executive chairman until sometime in 2014. Upon emergence from Chapter 11 bankruptcy protection, the American Airlines Group will be 72% owned by AA creditors, including employee unions, with 28% in the hands of US Airways shareholders.
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