IAG CEO: US Airways/AMR Merger Plan Has Some Merit

By Madhu Unnikrishnan .
Source: Aviation Daily .

International Airlines Group (IAG) CEO Willie Walsh has acknowledged that US Airways’ proposed merger with AMR Corp. has some merit, and that regardless of how its Oneworld partner emerges from this latest round of consolidation the resulting entity will benefit the global alliance. Speaking at the International Aviation Club of Washington (IAC) July 17, Walsh also endorsed AMR’s management decision to restructure under the protection granted by Chapter 11 bankruptcy laws and last week’s announcement by CEO Thomas Horton that he would consider some form of consolidation in parallel to his established standalone plan ...

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