27 May 2014
American Airlines said it has been honored with two awards from Airfinance Journal, including Overall Deal of the Year for its merger with US Airways, and Airline Treasury Team of the Year for its work on a major aircraft order and other financing.
The awards are being made at Airfinance Journal´s 34th Annual New York Airfinance Conference on Thursday and Friday. The magazine recognized American after reviewing all of the airline and aircraft financings of 2013, and chose a winner based on size, innovation and execution.
“American´s USD17bn merger changed the US aviation landscape permanently. It was a deal we couldn´t ignore,” said Airfinance Journal editor Dickon Harris.
The magazine also noted that in just one year, American´s financing included USD5.9bn for aircraft and other purposes, all while arranging the merger.
American Airlines Group (NASDAQ: AAL) is the holding company for American Airlines and US Airways. Together with wholly owned and third-party regional carriers operating as American Eagle and US Airways Express, the airlines operate an average of nearly 6,700 flights per day to 339 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C.