Hastings Wins Award for Airline Merger Representation

Paul Hastings announced the firm was recognized by Global Competition Review , an antitrust and competition news publication, for its work in the US Airways/American Airlines merger.

AMR Calls Delay of Bankruptcy Plan Approval ‘Destabilizing’

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.”

US Air Shareholders Approve of American Merger

Reuters reported that 132.3 million out of 132.8 US Airways shareholders approved the airline’s merger plans with American Airlines.

US Airways, AMR Await Antitrust Ruling

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 court hearing regarding American’s reorganization plan.

US Airways Said to Reduce Rate on $1.6B Term Loan

Bloomberg reported that US Airways lowered the rate on $1.6 billion of term loan debt it’s seeking to refinance. Citi, Barclays, Morgan Stanley and Goldman Sachs were said to be arranging the deal.

American Airlines, US Airways Merge in $11 Billion Deal

American Airlines agreed to merge with smaller rival US Airways in a deal valued at $11 billion, paving the way for the creation of the nation’s largest airline.