Merger expected beween American & U.S. Airways

February 7, 2013 2:05:54 PM PST
A deal to create a new airline giant is in the works. Sources say a merger between American Airlines and U.S. Airways worth more than $10 billion could be announced next week.

The Wall Street Journal reports the two are just hashing out the last major details right now after nearly a year of talks.

American debuted a new logo and paint scheme on some of its jets a few weeks ago; a move that some now say was a sign the deal was good to go.

The new carrier is expected to retain the American Airlines name and be based out of Texas.