American Airlines and US Airways poised 'to merge'

[mhm]

American Airlines and US Airways are planning to form one of the world's biggest airlines, according to media and newswire sources.

The two boards are said by a number of unnamed sources to have met on Wednesday to approve the merger.

A formal announcement is expected on Thursday.

The merger will bring American Airlines closer in value to rival Delta Airlines, with an estimated market valuation of $11bn (£7bn).
http://www.bbc.co.uk/news/business-21454925