creditors and unions owned 72% of the new company, and US Airways shareholders owned 28%. US Airways had originally sought a controlling stake in the combined company. The combined company became American Airlines Group. Through the purchase and merger, Horton achieved full recovery for bondholders and, unusually, during a bankruptcy process, substantial recovery for equity holders. The new American Airlines Group became the world's largest airline. Horton completed his tenure as chairman in June 2014. On April 15, 2019, Horton became a partner of worldwide infrastructure equity investment firm Global Infrastructure Partners. Board Horton served on the board of Qualcomm Inc. from 2008 to 2019 and was its presiding director from 2015 to 2019. On November 21, 2014, he was appointed to the board of Walmart and was later named its lead director. In September 2015, he was appointed lead director of General Electric's board of directors. He joined Warburg Pincus as senior advisor that October. Horton is also a member of the executive board of the SMU Cox School of Business and is a member of the board of the National Air and Space Museum. Horton served as chairman of Oneworld, the global airline alliance, from December 2011 until March 2014. Personal life Horton is married with two grown children. He is an avid runner and a jet-rated commercial pilot. References 1961 births American Airlines people All Nippon Airways American expatriates in Japan Baylor University alumni Southern Methodist University alumni American airline chief executives People from Hampton, Virginia Living people Businesspeople from Virginia Businesspeople from Texas American expatriates in England Aviators from Virginia