Reuters reported a judge approved a settlement resolving U.S. regulators’ opposition to a merger between AMR and US Airways Group, allowing AMR to move forward to create the world’s largest carrier.
The Wall Street Journal reported AMR and US Airways settled the Justice Department’s antitrust suit, paving the way for a roughly $16 billion merger that will create the world’s largest airline.
A Wall Street Journal blog reported that US Airways Group and American Airlines parent AMR suffered setbacks Thursday in preparations for the Justice Department’s case against their proposed merger.
Reuters reported a U.S. bankruptcy judge granted AMR approval to emerge from bankruptcy, but implementation requires resolution of the U.S. government’s attempt to block its proposed merger with US Airways Group.
AMR’s arguments in favor of approving its plan to exit bankruptcy through a US Airways Group merger are “fairly persuasive,” a judge said, as the deal stalled in a U.S. antitrust lawsuit, Bloomberg reported.
JetBlue Airways may become a takeover target for American Airlines or US Airways Group if federal regulators succeed in derailing AMR’s merger, Bloomberg reported.
Bloomberg reported AMR, the parent company of American Airlines, said in a court filing, that waiting to resolve the government’s antitrust case to block AMR’s merger with US Airways would be “destabilizing.”
American Airlines and US Airways Group filed a motion to set a trial date and a supporting brief in the U.S. District Court for the District of Columbia in connection with the lawsuit filed by the DOJ.