The currently profitable but hard-pressed airline aviation
market is likely to face an additional squeeze if the agreed merger
of American Airlines and US Airways goes through, market sources
suggest.
The proposed merger will create the largest single
airline in the world with an estimated pro-forma average hull fleet
value of almost $40bn (see table).
Whilst cost savings and synergies at the merged entity would be
likely to shrink the final fleet value, it would still almost
certainly produce the...
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