Dunn Lambert, LLC
We mean business
Comprehensive legal services for businesses in New Jersey and New York call 201-957-0874
Dunn Lambert, LLC
comprehensive legal services for businesses call 201-957-0874

American Airlines announces merger with US Airways

Often a business restructure can help save a floundering New Jersey business. When a business agrees to a merger it can see an influx of capital, consumers and property. These can be just what a business needs to keep going in today's difficult economy.

Several National airlines' struggle to stay profitable has been in the news since the start of the recession. These larger companies are struggling as much as smaller businesses are to make enough money to stay afloat. American Airlines, in particular, has been the focus of many stories since it filed for bankruptcy protection in 2011. The company has been struggling and has consistently ranked low in governmental and consumer ratings.

However, the future looks different now for the company. Recently it was announced that American Airlines will merge with US Airways for $11 billion. US Airways is a smaller airline but the companies hope that the merger will allow the two airlines to stay more consistently profitable in the future.

The deal was apparently negotiated over the last several months. It will still need to be approved by federal antitrust regulators, US Airways shareholders and the bankruptcy judge. If all goes as planned, the merger should be completed later this year. The companies have already received support from their labor unions. If the merger is completed, the American Airlines will become the biggest airline in the world.

While the deal may be negotiated and signed, the hard work is not over for these companies. Following creating the deal, businesses that hope to merge still have a lot of work that needs to be followed. Mistakes at this point could be critical in the success of the merger. However, with the right legal guidance, the merger can save companies from a difficult financial situation.

Source: New Jersey Herald, "US Airways lands $11 billion merger with American," David Koenig and Joshua Freed, Feb. 14, 2013

No Comments

Leave a comment
Comment Information

Office Location

google plus

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map
Phone: 201-957-0874
Fax: 201-291-0140
Telephone: 212-768-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2016

GET ANSWERS from a firm
with a sense of business.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Review US
Subscribe to This Blog's Feed FindLaw Network