Might there be new updates today regarding US Airways' efforts to merge with American Airlines?
The Dallas Morning News suggests its possible, citing unnamed sources in a Nov. 2 report saying that the two sides are schedule to meet today.
THE DALLAS MORNING NEWS: American-US Airways merger proposal expected to come soon
The Morning News writes:
Several parties in a position to know say they expect US Airways to make an official offer in early November as it presses its case that such a deal would be good for both airlines. ...
All the interested parties - the two airlines, the unsecured creditors committee, their advisers and major creditors - are scheduled to meet Tuesday to discuss the pros and cons of a merger and other "strategic alternatives."
The Morning News says the meeting initially was to have occurred last week in New York, but was postponed because of the effects of Hurricane/"superstorm" Sandy.
of the effects of Hurricane/"superstorm" Sandy.