Reaches deal with three labor unions
(NEWSER) - US Airways has taken a big step in its plan to merge with bankrupt American Airlines, it announced today by filing a form with the SEC. A letter to US Airways employees from the CEO explains that to win a merger the company still needs the OK of American-parent AMR's creditors, management, and board of directors, but that US Air has reached agreements with the three unions representing almost all American employees, all of which now support a merger. "This is obviously an important first step," writes Doug Parker, "and we are hopeful we can all work together to make this happen." More»
