Merger

Local News
6:08 pm
Wed September 10, 2014

Slew Of Mergers Not Unique To Charlotte

Credit Jeremy Brooks https://creativecommons.org/licenses/by-nc/2.0/

The discount chain Dollar General officially launched a hostile takeover bid for Matthews-based rival Family Dollar today. Ten miles up the road, banana giant Chiquita signed an agreement to open its books to Cutrale-Safra—a collaboration of Brazilian companies—which threatened a hostile takeover. The merger battles are part of a larger, post-recession economic trend.


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Local News
5:16 pm
Mon December 9, 2013

Airline Merger Creates Few Immediate Changes At CLT

Airline spokesmen say it will be well over a year before US Airways planes receive the new American Airlines logo (pictured).
Credit Mark Harkin / Flickr

US Airways and American Airlines officially merged Monday to create the world’s largest airline. Charlotte’s airport, a current US Airways hub, will become the second-busiest in the new airline’s network but customers and employees are not expected to see immediate changes.


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Local News
10:31 am
Wed November 13, 2013

Charlotte Airport To Remain Major Hub For New American Airlines

Charlotte Douglas International Airport
Credit Nicola since 1972 / Flickr

Charlotte's airport will remain a major hub for U.S. Airways for at least three years after the company merges with American Airlines. That's part of a settlement the airlines reached with the Justice Department and state attorneys general today, which had sued to block the merger.


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Business
4:43 pm
Wed August 14, 2013

Airlines' Attorney: DOJ Got Merger Lawsuit 'Very Wrong'

Attorneys for US Airways and American Airlines say they won't make the first move to settle a lawsuit filed Wednesday by the U.S. Department of Justice attempting to block the airlines from merging.

The Justice Department contends the merger will make it easier for the remaining mega-airlines – Delta, United and American – to cooperate on prices, rather than compete.  That means airfares will go up and service will decline, warns the lawsuit.  But an attorney for US Airways and American, Rich Parker, says the DOJ is "very wrong."

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Local News
10:23 am
Fri June 21, 2013

Report: US Airways Merger Could Increase Prices, Jeopardize Charlotte-Douglas

A US Airways jet
Credit USAirways.com

The merger of US Airways and American Airlines could have a greater impact than those airlines have previously stated, both on airline prices and on Charlotte’s status as a hub for US Airways traffic, according to a new government analysis of the merger.


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Local News
12:06 pm
Tue June 18, 2013

Lynn Good Named Duke CEO

Duke Energy CFO Lynn Good will become the company's president and CEO on July 1, 2013.
Credit Duke Energy

Duke Energy executive Lynn Good will replace long-time CEO Jim Rogers.

We knew Rogers would be leaving Duke. He's 65. And, state regulators made him promise to retire this year as part of a settlement to end the investigation into that surprise CEO switch when Duke merged with Progress.

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Airlines
9:40 am
Fri March 22, 2013

Celebrating 45 Years With US Airways (Well, Sort Of)

Bette Burke-Nash (l) and Joan Myers-Singh worked for Eastern Airlines in Washington D.C. Nash is the longest-serving US Airways employee. She began her career as a stewardess in 1957. Eastern did not merge with today’s US Airways but its hourly shuttle routes between D.C., New York and Boston became part of the airline.
Credit Tasnim Shamma

These days, it's not that often that employees work for the same company for most if not all of their careers. Thursday night, US Airways celebrated employees who have done just that.


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Developing
10:53 am
Thu February 14, 2013

How The US Airways Merger Will Affect Charlotte

Early indications are that Charlotte will remain a hub for air travel, with the merger of American Airlines and U.S. Airways.
Credit USAirways.com

  The early indication is that Charlotte’s airport is safe in the just-announced merger of US Airways and American Airlines. The new American Airlines will be the world's largest, with a value of 11 billion dollars and an extensive network of destinations.

When merging, airlines combine operations, which means reducing duplicative routes and changing presences in airports. US Airways operates about 90 percent of flights in and out of Charlotte-Douglas every day—it is the airline’s largest hub.

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