American Airlines and US Airways will merge and create the world's biggest airline.
The boards of both companies approved the deal late Wednesday. The carrier will keep the American Airlines name but will be run by US Airways CEO Doug Parker.
A possible merger between American Airlines and U.S. Airways that would create the nation's largest carrier could be in the works and announced as soon as next week.
The two airlines have been discussing a potential deal for months and sources say that the board of directors of AMR Corp., American’s parent company, will meet on Monday to consider a possible merger.