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.
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.
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.
The WSJ reported that the DOJ challenged the $11 billion merger of American Airlines and US Airways Group. The lawsuit filing said the deal would hurt airline competition due to the recent waves of consolidation.