AA pilots approve contract with airline

Approval may clear way for AA merger with USAirways

According to Reuters, US Airways has made a formal merger proposal to American Airlines parent AMR Corp and its creditors that could value the combined airline at around $8.5 billion. Reuters quotes two sources close to the negotiations.

Details of the merger proposal emerged as American Airlines pilots voted to ratify a new union contract on Friday.

The new labor contract, approved by nearly three-quarters of the AMR pilots who voted, gives the Allied Pilots' Association a 13.5 percent equity stake in AMR.

mobile apps

Everything you love about krmg.com and more! Tap on any of the buttons below to download our app.

amazon alexa

Enable our Skill today to listen live at home on your Alexa Devices!