American Airlines and US Airways to Create a Premier Global Carrier --The New American Airlines
Customers to Benefit from an Expanded Global Network and Investment in New Aircraft, Technology, Products, and Services
Combined Company to Enhance oneworld® Alliance, Offering a Seamless Global Network
Will Improve Loyalty Benefits by Expanding Member Opportunities to Earn and Redeem Miles
Combination Provides Path to Improved Compensation and Benefits with Greater Long-Term Opportunities for Employees of Both Companies
Combined Airline Expects to Maintain All Hubs and Service to All Destinations
Expected 2015 Annual Synergies of More Than $1 Billion Creating Value for Stakeholders of
Both Companies
Enhances Potential for Full Recovery for AMR Creditors
AMR Stakeholders to Own 72% and US Airways Shareholders to Own 28% of
Combined Company’s Common Stock
Company to Retain Iconic, Globally Recognized American Airlines Brand
Company to Be Headquartered in Dallas-Fort Worth, with Significant Corporate and Operational Presence in Phoenix
AMR Corporation (OTCQB: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (NYSE: LCC) today announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier which will have an implied combined equity value of approximately $11 billion based on the price of US Airways’ stock as of February 13, 2013.
Operating under the American Airlines name, one of the most recognized brands in the world, the combined airline will have a robust global network and a strong financial foundation. The merger will offer benefits to both airlines’ customers, communities, employees, investors, and creditors. Customers will have access to more choices and increased service across the combined company’s larger worldwide network and through an enhanced oneworld® Alliance, of which American Airlines is a founding member. With firm orders for more than 600 new mainline aircraft, the new American Airlines will have one of the most modern and efficient fleets in the industry and a solid foundation for continued investment in technology, products, and services. View the full release for more details.
Media Advisory
AMERICAN AIRLINES and US AIRWAYS
HOST PRESS CONFERENCE TO DISCUSS MERGER
American Airlines and US Airways today will host a news conference at Dallas/Fort Worth International Airport (DFW) to discuss the definitive merger agreement under which the companies will combine to create a premier global carrier -- the new American Airlines.
What: News conference at DFW with executives from American Airlines and US Airways to discuss the definitive merger agreement
When: Thursday, Feb. 14, 2013
Event: 10 a.m. – 11 a.m. CST
Media who plan to attend need to RSVP to thall2@webershandwick.com as soon as possible with full name (as it appears on a government-issued identification) and date of birth so security passes can be provided.
A representative will meet you at 9 a.m. CT outside the security checkpoint at the Wishbone Sculpture in the American Airlines North Ticketing Hall of Terminal D to escort you through security to the Admirals Club. No security access will be provided prior to 9 a.m. CT
Where: Dallas/Fort Worth International Airport (DFW) Terminal D American Airlines Admirals Club
Additional Information:
UPLINK DETAILS:
Satellite coordinates for a live feed of the news conference are available for download. For security reasons, live trucks will not be given access to the events.
SATELLITE:AMC3/SES 2 - 87.0°W TRANSPONDER: K16 slice A
DOWNLINK FREQ: 12006.5 (V) MHz AUDIO: CH 1 &2 Full Mix
LIVESTREAM DETAILS:
The news conference also will be available for live-steam viewing by visiting www.aa.com/201302Press
ANALYST/MEDIA CONFERENCE CALL:
Analysts and media also are invited to an additional conference call at 7:30 a.m. CT hosted by Parker and Horton. To access the conference call, please dial (877) 681-1320 (U.S. dial-in) or (973) 935-2840 (international dial-in) at least 20 minutes prior to the start of the call, referencing conference ID# 99288242. The call will also be webcast with accompanying slides on the investor relations sections of www.aa.com and www.usairways.com as well as the new joint website www.NewAmericanArriving.com.ANALYST LUNCHEON AND WEBCAST:American Airlines and US Airways executives will also be discussing the transaction at an analyst and investor luncheon today, February 14, 2013, at 12:00 p.m. ET / 9:00 a.m. PT. The event will be webcast on the iinvestor relations sections of www.aa.com and www.usairways.com as well as the new joint website www.NewAmericanArriving.com. Contacts: AMR Media Relations US Airways Media Relations
(817) 967-1577 (480) 693-5729
mediarelations@aa.com media.relations@usairways.com