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Friday, Dec. 13, 2013 | 6:47 a.m.
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Updated: 6:05 a.m. Monday, Feb. 11, 2013 | Posted: 6:49 a.m. Sunday, Feb. 10, 2013
NORTH CAROLINA —
A decision could come this week whether US Airways will merge with American Airlines to create the latest U.S. airline.American is the bigger of the two airlines, but it is under bankruptcy protection, so its creditors would control the majority of the combined airlines.According to multiple media outlets, those creditors would get about 70 percent.The total value of the deal is estimated between $10.5 billion and $11 billion. That puts the value of US Airways around $3 billion.A merger would mean some overlap between the two airlines.Both airlines overlap on about 12 routes and they may be forced to see some of the D.C. area routes.It would also likely mean some job loss at headquarters after the merger, because of duplicate jobs. The new carrier would keep the name American Airlines and the CEO of US Airways would become the new CEO.
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