To
ensure much of the service currently operated by the
carriers to small- and medium-sized markets from DCA is
maintained, the new American has agreed with the DOT to
use all of its DCA commuter slot pairs for service to
these communities. The new American intends to announce
the service changes that will result from the
divestitures in advance of the sale of the DCA and LGA
slots, so that the airlines acquiring those slots have
the opportunity to maintain service to those impacted
communities.
In
the settlement agreement with the state Attorneys
General, the new American has agreed to maintain its
hubs in Charlotte, New York (Kennedy), Los Angeles,
Miami, Chicago (O'Hare), Philadelphia, and Phoenix
consistent with historical operations for a period of
three years.
In addition, with limited exceptions, for a
period of five years, the new American will continue to
provide daily scheduled service from one or more of its
hubs to each plaintiff state airport that has scheduled
daily service from either American or US Airways. A
previous settlement agreement with the state of Texas
will be amended to make it consistent with today's
settlement.
Completion of the merger remains subject to the approval
of the settlements by the U.S. Bankruptcy Court, and
certain other conditions. The companies now expect to
complete the merger in December 2013.
Tom Horton, chairman, president and CEO of AMR, and
incoming chairman of the board of the combined company,
said, "This is an important day for our customers, our
people and our financial stakeholders. This agreement
allows us to take the final steps in creating the new
American Airlines. With a renewed spirit, we are about
to create the world's leading airline that will offer,
along with our oneworld partners, a comprehensive global
network and service by the best people in the business.
There is much more work ahead of us but we're energized
by the challenge and look forward to competing
vigorously in the ever-changing global marketplace."
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