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U.S. Air, AMR near $11 billion merger, deal seen within week : sources

New York (Reuters) - the United States aviation group (LCC) AMR corporation (AAMRQ. PK) to solve the key difference, valuations already close to $1.1 billion merger, will create the world's largest airline, and possibly in a week announced the deal, and management structure, familiar with the matter say.
A trade, still be finally determined condition, American airlines administrative President doug parker to become a CEO, and Tom horton AMR will serve as chairman of the board of directors not implement, until the spring of 2014, when the merged company hold the first annual meeting, sources said.
The deal will be in November 2011 file for bankruptcy of the American airlines parent company more than 14 months later, will mark the at last, combined with the traditional American operators, delta, northwest, continental merger.
All share consolidation between $, 10.5 billion dollars and 11 billion us dollars, estimated value is comprehensive carrier, and will be in the new company and American airlines shareholders, the remaining 72% of the ownership to the AMR creditor, they say.
The board of directors airlines is expected to the middle of the week in the future, in order to meet to the proposed transaction, and announced the voting may later in a week, sources said, asking not to be named, because it does not open.
Negotiations are continuing, and still could delay or collapse, they warned.
The company initially tried to arrange for Monday, day, AMR creditors committee plan at the board meeting, as soon as possible to Tuesday trading sources told Reuters, before.
But AMR need more time to complete the details of the board of directors of the two airlines now not collect, until about Wednesday, sources said.
AMR creditors' committee still meet on Monday in New York, the original plan, and will continue to discuss airlines to complete the negotiation, they added.
The creditors' committee lawyer declined to comment. AMR and American airlines (US Airways) representative declined to comment.
And American airlines (US Airways) combination will create the world's top airline passenger traffic, and help the two operators better with rivals united continental holdings (UAL) and delta air lines (DAL).
A nearly $1.1 billion valuation, the American beauty united airline comparison, about $1.24 billion, the market value of the delta and $8.7 billion for the continental United States.
Now plans AMR creditors and American airlines shareholders equity division between than means that one is about $300 million of American airlines (US Airways) and valuation about $7.5 billion to $8 billion valuation AMR.
The new American airlines
Sources said, American airlines (US Airways) will last year by the AMR union agreement, the combined carrier, the brand of American airlines, headquartered in Texas wo think fort, the AMR at present based on. American airlines, headquartered in Arizona.
As part of the merger, American airlines (US Airways) also will leave the star alliance to join "one world" global airline alliance, one of the American airlines and British Airways is a regular members, familiar with the matter said.
Airlines estimates, merger will bring about $1 billion in revenue and cost efficiency, they said.
Horton refused to actively promote the acquisition of American airlines (US Airways) as early as in the bankruptcy process, said the best out of bankruptcy protection, the airlines to himself and consider the transaction again later. But after months of negotiations, and their creditors, and American airlines (US Airways), houghton has softened his method, and agreed to consider all options.
After the merger of American beauty airlines will provide larger competitors, improve service, expand the international airline phase matching. The combined company will income of $38.69 billion, on the basis of the number of 2012, leading the continental United States revenue of $3.715 billion last year.
A new important American east, west coast and north Atlantic route, the United States will have a solid exist, America's revenue sharing (IAG. L) and British airways and Iberia joint venture.



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