DALLAS -A merger between American Airlines and US Airways will likely be announced next week, sources tell News 8, WFAA, our sister station in Dallas.

The board of directors of AMR Corp., American's parent company, will meet on Monday to consider a combination, News 8 has learned.

Many of the details have already been worked out over recent months.

Still, currently at issue is which executive team will lead the new company.

Sources tellNews 8 thatUS Airways CEO Doug Parker will likely take over, and American's Tom Horton will be given an honorary position on the board such as non-executive chairman.

Both companies are currently collaborating on how to make the merger announcement and where it will take place.

American has not yet responded to a call from News 8. But it now appears after more than a year of talks that American Airlines will absorb US Airways.

The new company will be based in Fort Worth, but led by the smaller airline, which is currently headquartered in Phoenix. The combined carrier is expected to retain the American Airlines name.

American last month debuted a new logo and paint scheme for its aircraft. At the time, Horton said he did not expect to have to change the the livery again.

In January, Horton said an announcement about the future of American would be announced soon. The two airlines have been in official talks for months.

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