Daily News: March 5, 2013

American Airlines, US Airways Receive DOJ Request


AMR, parent company of American Airlines, and US Airways announced that each company received a request for additional information (Second Request) from the U.S. Department of Justice (DOJ) in connection with the proposed merger of the two airlines.

The companies said a DOJ Second Request is a standard part of the regulatory process. A Second Request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, during which the parties may not close the transaction, until 30 days after American Airlines and US Airways have substantially complied with the Second Request (or the waiting period is otherwise terminated by the DOJ). American Airlines and US Airways expect to respond promptly to the Second Request and to continue working cooperatively with the DOJ as it conducts its review of the proposed combination. American Airlines and US Airways continue to expect the combination to be completed in the third quarter of 2013.

The merger is conditioned on the approval by the U.S. Bankruptcy Court for the Southern District of New York, regulatory approvals, approval by US Airways shareholders, other customary closing conditions, and confirmation and consummation of the Plan of Reorganization.

Previously on abfjournal.com:
American Airlines, US Airways Merge in $11 Billion Deal, Thursday, February 14, 2013