Latham & Watkins Advises US Airways on Merger with American Airlines

Combination to create a premier global carrier with an implied combined equity value of approximately US$11 billion.

February 14, 2013

AMR Corporation, the parent company of American Airlines, Inc., and US Airways Group, Inc. have announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier, which will have an implied combined equity value of approximately US$11 billion based on the price of US Airways' stock as of February 13, 2013. The merger is to be effected pursuant to a plan of reorganization for the Debtors in their currently pending cases under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Plan is subject to confirmation and consummation in accordance with the requirements of the Bankruptcy Code.

Latham & Watkins LLP represents US Airways Group in the transaction with a deal team led by Silicon Valley corporate partners Pete Kerman, Tony Richmond and Josh Dubofsky, New York bankruptcy partners D.J. (Jan) Baker and Paul Harner and Los Angeles bankruptcy partner Robert Klyman. Assistance was provided to the corporate team by Silicon Valley counsel Karen Eberle and associates Abtin Jalali, Saied Pinto, Anitha Anne and Corinna Liebowitz, Chicago associates Tiffany Campion and Gabriel Edelson and New York associate Beth Beaury. Assistance was provided to the bankruptcy team by New York associates Jude Gorman, Aaron Singer, Catherine Martin and David McElhoe and Los Angeles associate Sabina Jacobs. Advice was also provided by San Francisco tax partner Kirt Switzer with Los Angeles associate Lauren Murphey; Silicon Valley benefits and compensation partner James Metz with Los Angeles associate Michelle Carpenter; Chicago benefits and compensation partner Robin Struve; New York finance partners Kevin Fingeret and Graeme Smyth, with associates Douglas Shaw and Zhao Yang; New York corporate partner Greg Rodgers with associate Timothy Ho; Los Angeles real estate partner Kim Boras with associates Milad Hassani, Shi Su, Lauren Follett and Daniel Costa; Houston environmental partner Joel Mack and New York counsel David Langer. An attorney team in Brussels is advising on EU competition law aspects related to the merger, led  by partners Jean Paul Poitras and John Kallaugher with associate Luca Crocco.

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