facebook
twitter
rss
account
search
search
 

US Airways CEO: No need to rush a merger

July 5, 2012 at 5:23 PM   |   Comments

FORT WORTH, Texas, July 5 (UPI) -- US Airways Chief Executive Officer Doug Parker said the company could bide its time in its bid to merge with bankrupt U.S. rival American Airlines.

"So long as we are given a fair chance to present our superior alternative in time to merge with AMR upon their emergence from bankruptcy," Parker wrote in a note to employees. "There is certainly no urgency for us to merge," the note said.

Referring to a recent agreement with unsecured creditors on an extension to a deadline of for a restructuring plan, Parker said, "That delay is fine by us."

The Fort-Worth (Texas) Star Telegram reported Thursday that Parker expects curiosity focused on a potential merger will continue.

"The speculation and attention around this potential merger will continue for at least several more months and we need to be aware of that," the note to employees said.

Topics: Doug Parker
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
2
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
3
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
4
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
5
Rheinmetall, KBR in joint venture bid for British defense entity
Trending News
Video
x
Feedback