US Airways Merger
The boards of US Airways and American Airlines parent AMR agreed to a long-anticipated merger that could create the world's largest airline, according to a source familiar with the talks.
The official announcement is planned for early Thursday. Ref. CNN
The Justice Department and attorneys general from six states and the District of Columbia filed a lawsuit challenging a planned $11 billion merger of American Airlines and US Airways, CNN's Evan Perez reports.
"The merger, which would result in the creation of the world's largest airline, would substantially lessen competition for commercial air travel in local markets throughout the United States and result in passengers paying higher airfares and receiving less service," The Justice Department said in a statement. Ref. CNN
Justice lawsuit preventing US Airways, American merger settled
The Justice Department has reached agreement with US Airways and American Airlines to end the government's lawsuit blocking the merger of the two airlines, multiple media outlets reported Tuesday. Ref. USAToday