As I mentioned this morning, news agencies have picked up the little signs that tell them a 1000-airplane airline will happen this week:
The boards of the two airlines are expected to meet in the next few days to vote on the proposed merger, sources have told Los Angeles Times and other news outlets. A meeting to vote on the merger was scheduled for Monday, according to some reports, but was postponed to give those involved more time to work out final details.
According to sources, a decision has now been reached to name US Airways Group Inc. Chief Executive Doug Parker as CEO of the new carrier, while Tom Horton, CEO of American Airlines' parent, AMR Corp., would serve as nonexecutive chairman of the board until next year.
Analysts have estimated that the two companies could generate as much as $1 billion in savings and added revenue by combining forces.
In perhaps a modest bit of irony, I'm writing this aboard an American Airlines airplane over
New Mexico Colorado. I do love technology...