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American, US Airways boards approve merger: source

US Airways planes sit on the tarmac at Charlotte/Douglas International Airport on September 1, 2012 in North Carolina. The boards of American Airlines and US Airways approved a merger to create the largest US airline by revenue once American exits bankrupThe boards of American Airlines and US Airways approved a merger to create the largest US airline once American exits bankruptcy court, sources close to the negotiations said. The merger will be formally announced Thursday morning, these people told AFP.