American and US Airways execs discuss merger

Washington DC
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US Airways chief executive Doug Parker and American Airlines chief executive Tom Horton met for breakfast in Washington DC today, in the first such meeting since US Airways announced its interest in merging with American.

The meeting came at the invitation of American, says US Airways.

"No substantial progress was made, but we hope this is the start of a meaningful, fair and transparent process that will give us the ability to demonstrate further why combining American Airlines and US Airways is in the best interests of all of our stakeholders," says the Tempe, Arizona-based carrier.

American says that Horton shared how its comprehensive strategic review process will work and that it has an obligation to "deliver the highest value for our financial stakeholders and the best outcome for our people," at the breakfast.

The executives had not spoken since early on in American's bankruptcy process, Parker told Flightglobal yesterday.

The Fort Worth, Texas-based carrier filed for chapter 11 bankruptcy protection in November 2011.

Parker let American know that their merger offer has a deadline during a speech at the National Press Club in Washington yesterday. "US Airways is here now and ready to get this done and there is no guarantee that will be the case forever," he said.