Merged American Airlines to trade on Nasdaq

[NEW YORK CITY] American Airlines and US Airways, essentially cleared for merger next month, said that the combined company, the world's biggest airline, will trade on the Nasdaq Stock Market.

American's parent, AMR Corporation, and US Airways Group knocked down a major hurdle for their merger last Tuesday by agreeing to drop airport slots and other rights at key airports in a proposed deal settling a Justice Department anti-trust lawsuit.

Court approval of the deal appeared likely, and the two companies announced plans for the new American Airlines to debut on the tech-rich Nasdaq, abandoning the rival New York Stock Exchange where US Airways currently trades.