Competition for the business traveler has already ramped up, especially in key cities such as New York, where Delta has expanded at LaGuardia Airport and is upgrading facilities at John F. But U. Leisure passengers in larger markets will likely find more flight choices, but those in smaller cities might not be so lucky. Still, for US Airways customers, the deal will bring a broader choice of international flight destinations as the combined carrier leverages its membership in the oneworld global alliance.
Its members include Asia's Cathay Pacific HK , Japan Airlines New routes are expected, particularly in Asia, starting with Dallas-Forth Worth to Seoul later this year, Horton said.
Far from being secret, as most mergers are, the US Airways-American deal is one of the most telegraphed in history. The deal was seen as an inevitability for so long that some labor unions have already struck deals with the two airlines on what will take place following a combination.
The all-stock deal gives creditors of the bankrupt American Airlines parent control of the combined airline, and is subject to approvals from U. Bankruptcy Court. Parker said the two airlines share only 12 of routes with American, and that he expects no issues with regulatory authorities.
Book-entry means the company's transfer agent, AST, maintains shares on behalf of the owner without the need for physical share certificates. Cure payments related to assumed contracts were also issued.
Checks related to the cash distributions were mailed by GCG commencing on or about December 11, Client Login Contact Us. More from Homepage. Dallas County and other North Texas governments face deadline to prevent loss of rental relief cash. State suspends license of former Dallas Fire-Rescue paramedic seen kicking homeless man.
I looked at the latest electricity prices in Texas and got a shock. Texas Republican state Sen. We know this, because they've emailed us wanting to know what-the-hey. Earlier Monday, we reprinted the announcement from AAG about the distribution, including that it'll be the "initial distribution. When the merger was announced Feb. That was the minimum they would get. Based on my reading of the documents, I believe that's where the 0.
The merger deal was based on the price of US Airways stock. That's because a unsecured creditors will be paid with AAL stock; 2 they will get only enough stock to pay off the debt and accrued interests; and 3 the number of shares needed to pay unsecured creditors goes down as the value of the stock goes up.
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