American
US Airways
William Douglas Parker finally signed an agreement to merge US Airways Group Inc. with another major airline after years of trying. The US Airways CEO struck a deal to combine the company with American Airlines parent company AMR Inc. on February 14, which would create the world’s largest air carrier. Parker took the reins at America West Airlines Inc. in 2001 and four years later bought US Airways out of bankruptcy. Since then, he has tried to buy Delta Air Lines Inc. out of bankruptcy, held talks with UAL Corp., which ended up merging with Continental Airlines Inc. [Deals & Suits, August 2010], and spent more than a year working to combine with AMR after it filed for Chapter 11 in November 2011.
