As American Airlines (AAMRQ) and US Airways Group Inc. (LCC) have been finalising the details of their mergers, American stocks exchanges and indices have been battling it out on gaining the new listing, with Nasdaq emerging victorious at the end, a huge victory after the index recently failed to secure Twitter Inc. (TWTR)’s Initial Public Offering.

The new firm will operate by the name American Airlines Group Inc. and have AAL as its trading symbol, a statement revealed today. A U.S. antitrust lawsuit was settled this week between AMR Corp. and US Airways, eliminating last obstacles as AMR Corp. will receive a bankruptcy exit ruled by a judge on 25th November.

Nasdaq’s confidence has been boosted once again with the listing of the new American company after last year’s unsuccessful attempt at securing Twitter, the greatest and most important IPO in the technology sector since Facebook Inc. On its first day of trading, 7th November, Twitter, which chose to trade on the New York Stock Exchange, sky-rocketed 73 percent.

Ed Stewart, a US Airways spokesman with Fleishman Hillard Inc. said today that “while Nasdaq has historically had a reputation for being a tech-centric exchange, it has done a great job of attracting other industries and is simply a better fit for the new company and the direction we want to go,”

American and US Airways anticipate the completion of their merger in December. The merged airline will distribute control between AMR bankruptcy creditors, who will own 72 percent of the new shares, and the existing US Airways holders, who’s share amounts to the other 28 percent. AMR’s headquarters in Fort Worth, Texas, will serve the new company in the same capacity as well.