20-Mar-2013 10:11 AM

US Airways CEO and American Airlines CEO testify on merger proposal

US Airways CEO Doug Parker and American Airlines CEO Tom Horton issued (19-Mar-2013) a statement to the US Senate Judiciary Committee Subcommittee on Antitrust, Competition Policy, and Consumer Rights Hearing on the merger of their two carriers. The two CEOs stated the merger of American Airlines and US Airways and the creation of the 'New American Airlines' will be "good for competition, consumers and choice". Expanding the network "is the motivation for bringing these airlines together". The integration of the complementary networks of American and US Airways will "enhance competition in a highly competitive marketplace and will deliver significant benefits to our customers, our employees, our shareholders and creditors, and the communities we serve". The CEOs stated their customers support the merger, stating that both the American and US Airways networks need to be improved in ways neither cannot accomplish on its own. By combining their complementary systems, the airlines "will create the network our customers want, one that can compete with the larger networks of Delta and United and with the cost advantage of Southwest Airlines and a host of fast growing low cost airlines". [more - original PR]

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