Around the Net
US Airways Wooing American?
- The Consumerist, Thursday, January 26, 2012 9:38 AM
U.S. Airways is looking to tie the knot with American Airlines. "We are, of course, always interested in studying potential value-enhancing opportunities, and part of studying these opportunities is ensuring we have good counsel," the airline's CEO told investors in a conference call earlier on Wednesday. "Therefore, as has been reported, we have indeed retained [investment bankers] Barclays Capital and Millstein & Co., and [law firm] Latham & Watkins LLP to help us explore our options as they relate to AMR's bankruptcy."
Although U.S. Airways is the smaller of the two carriers, it's in a better position to acquire American, as the larger airline recently filed for bankruptcy protection.
