The new company will be named American Airlines.
"The deal cleared a series of legal hurdles that included an order from the Justice Department for the new airline to give up some access at two major airports," reports CNN's Alison Kosik.
Meanwhile, stock futures are generally higher this morning after the Dow had its best day in two months on Friday.
"The Dow rocketed 198 points after a better than expected jobs report for November," Kosik reports.
And there’s good news for loyal AMC Theatres goers who want to cash in on their fandom.
The company is gearing up to go public, and according to letter from CEO Gerry Lopez, members of AMC's Stubs Rewards program will be offered the same price as banks and large Wall Street institutions.