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US Air-American merger back on track

  • Published by Vedat
US Airways and American Airlines on Tuesday announced they’ve reached a deal with the Justice Department to let their merger proceed, clearing the way for a $17.2-billion merger that will make them to form the world's largest airline.

American-US AirwaysThe government had filed a lawsuit in August blocking a merger of US Airways and AMR Corp, parent of bankrupt American Airlines, because of antitrust concerns that would hinder competition and lead to higher fares.

The agreement, which will give low-cost competitors more access to half a dozen U.S. airports, in effect grants federal approval for their merger. To win the Justice Department’s approval, US Airways and American agreed to give up 44 daily flights at Washington’s Reagan National and 12 daily flights at New York’s LaGuardia. US Airways and American will also give up two gates and the related support facilities at Boston Logan International Airport, Chicago O’Hare, Dallas Love Field, Los Angeles International, and Miami International.
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