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February 25, 2013

US Airways president Scott Kirby and American treasurer Beverly Goulet to lead merger transition team

US Airways president Scott Kirby and American Airlines treasurer Beverly Goulet will head up the merger integration team between the two carriers.

The team was announced in an employee letter from US Airways chief executive Doug Parker, who will become the chief executive of the combined airline once the merger closes.

"Scott and Bev will provide solid leadership to the critical task of transition planning – developing joint plans between now and closing our merger so that we are prepared to begin integration immediately upon closing," Parker said in the message.

The merger is expected to close in the third quarter, Parker reiterated.

Keep reading for the full message.

-Andrea Ahles

Dear Fellow Employees:

A little more than a week ago we announced the merger between our two airlines that will create a new global premier airline. Today we are pleased to begin transition planning by naming the two team leads who will direct that work: US Airways President Scott Kirby and American Airlines Chief Restructuring Officer Bev Goulet. Scott and Bev will provide solid leadership to the critical task of transition planning – developing joint plans between now and closing our merger so that we are prepared to begin integration immediately upon closing. We expect to close our merger in the third quarter of this year.

Scott is the President of US Airways and was its team leader during the merger analysis and negotiations. During the due diligence process, he played a key role in shaping the revenue and cost benefits associated with a merger, as well as labor negotiations. Scott, along with many others on both teams, has worked hard to establish the collaborative relationship between both airlines’ labor unions. He has also worked closely with the American team over the last several weeks and has become well-versed in American’s operations.

For American, Bev has led one of the fastest and most successful airline restructurings in history, resulting in savings of more than $2 billion across the enterprise, and has also played a key role during the merger due diligence processes. Bev led the team that helped refine revenue and cost benefits of a merger and played a key role in negotiating the splits for US Airways and American stakeholders.

Scott and Bev will be part of a Transition Committee chaired by the two of us, and together we will establish transition planning teams led by senior leaders from both airlines. The effort will be supported by an outside merger project management firm. More details will come in the very near future. The committee will be focused on our long-term goal of building a strong, profitable airline well equipped to invest in our people, products and technologies so that we can keep our loyal customers and attract new ones.

Please join us in congratulating Scott and Bev on their appointments. Ultimately, our people will be the most important element of our success as we put our two airlines together and build the new American. While we will continue to operate independently as the merger is under review, we look forward to the opportunity to work as one team and do great things together as we create a premier global airline.

We will continue to update you as transition planning work continues. In the meantime, thanks for all you are doing to run two great airlines and continuing to take care of both airlines’ customers

Sincerely,

Doug

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TiredOFPanderingANDREA

Raggedy Ann and Raggedy Andy.

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