US Airways has declared that its talks with regard to a possible union with United Airlines have been called off.
US Airways’ CEO, Doug Parker has said that the decision to end all discussions on the pertaining matter was taken by the carrier’s Board of Directors, after a detailed review of the situation.
Parker, however, asserted that US Airways will continue to advocate mergers in the aviation industry. He said the need for consolidated ventures stems out of the fragmented nature of the industry. Parker sided with the theory that in the future, joint ventures in aviation will help the industry endure global rivalries and economic unpredictability. He added that such efforts will help make the industry less fragmented, more secure and create a win-win situation for all parties involved.
While this was the first time that US Airways acknowledged its merger discussions with United, there are also reports suggesting its plans to merge with Continental Airlines.
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