Sunday, February 10, 2013
The boards of American Airlines parent AMR Corp. and US Airways have pushed back meeting on plans to consider a final merger, Associated Press sources say.
A source close to the matter says the AMR board wants to meet in person, and that the US Airways board would only meet after the AMR board approves a deal. The source requested anonymity because the talks are private.
It is not clear when the two boards would finally meet. People familiar with the matter say negotiations are continuing. They say issues being hammered out include AMR CEO Tom Horton's exact title and role in the combined company.
The committee representing unsecured creditors in AMR's bankruptcy case had planned to meet Monday.