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American Airlines, US Airways will move to NASDAQ listing

Texas-based parent American Airlines´ parent AMR Corp (OTCQB: AAMRQ) and Arizona US-based US Airways Group Inc (NYSE: LCC) said that they have applied to list the common stock of the combined company on the NASDAQ Global Select Market.

Upon closing of the merger and AMR´s emergence from Chapter 11, the combined company will be renamed American Airlines Group Inc. and will use the ticker symbol “AAL.”

Additionally, the common stock of both US Airways Group, Inc. and AMR Corp. will be cancelled and shareholders will receive equity interests in American Airlines Group Inc. per the terms of the Merger Agreement and Plan of Reorganization.

Completion of the merger remains subject to approval by the US Bankruptcy Court and certain other conditions. The companies expect to complete the merger in December 2013, assuming such approval is given and other conditions are met.

American Airlines serves more than 270 airports in nearly 50 countries and territories. American´s fleet of nearly 900 aircraft fly more than 3,500 daily flights worldwide from hubs in Chicago, Dallas/Fort Worth, Los Angeles, Miami and New York. American flies to nearly 100 international locations including important markets such as London, Madrid, Sao Paulo and Tokyo.

US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,100 flights per day and serves 198 communities in the US, Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America.

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