US Airways Investors Vote On American Airlines Merger

US Airways Group Inc (NYSE:LCC) shareholders approved the carrier’s plan to merge with AMR Corporation (NYSE:AAR)’s American Airlines, clearing another hurdle to the deal that would create the world’s largest carrier.

US Air Chief Executive Doug Parker announced during the company’s annual meeting on Friday, that a sufficient number of shares were cast in favor of the merger based on preliminary results. The $11 billion merger deal was announced in February and the companies expect to complete it by the end of September, said Parker who will be chief executive of the...