Bloomberg reported that US Airways and American Airlines will not know if their $11 billion merger will pass U.S. antitrust review prior to the August 15 court hearing regarding American’s reorganization plan confirmation request, citing people familiar with the situation.
The article noted the DOJ’s continued analysis of the merger to decide whether the combination of the airlines would create a monopoly. Bloomberg reported that the pending ruling is one of a few “remaining hurdles” the airlines need to clear before completing the merger, creating the world’s largest airline.
To read the entire Bloomberg story, click here.
Previously on abfjournal.com: