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AMR, US Airways Near Merger

Would create the world's largest airline.

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Joe Raedle / Getty Images

Are we ready for the world's largest airline company? US Airways Group and American Airlines' parent company, AMR Corp., are a week or two away from finalizing a merger deal, according to sources. The new company could have a market capitalization of $10 billion and beat out United Continental Holdings for biggest U.S. airline traffic. The deal would pull American out of bankruptcy protection and not all ownership-splitting details have been hashed out, but it's reported that American creditors would hold 72 percent of the airline and US Airways shareholders would own the rest.

Read it at The Wall Street Journal

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