Justice Dept. Files Suit Against American Airlines, US Airways Merger

[NYCA News]

NYCAviation:

Justice Dept. Files Suit Against American Airlines, US Airways Merger (http://feedproxy.google.com/~r/nycaviation/~3/zrUTdeATKEA/)

Full press release as follows: “The Department of Justice, six state attorneys general and the District of Columbia filed a civil antitrust lawsuit today challenging the proposed $11 billion merger between US Airways Group Inc. and American Airlines’ parent corporation, AMR Corp. The department said that the merger, which would result in the creation of [...]http://feeds.feedburner.com/~r/nycaviation/~4/zrUTdeATKEA
[Click to Read Full Article (http://feedproxy.google.com/~r/nycaviation/~3/zrUTdeATKEA/)]

[megatop412]

They sure waited till the last minute. Down in Philly we've been discussing the likelihood of losing the US hub in PHL vs. CLT. Personally, I see the Philly hub going away because it's too close to JFK. If that happens, I hope PHL doesn't turn into PIT

[moose135]

I suspect this isn't a surprise to AA or US. It's likely there have been discussions on-going about divesting slots or other accommodations that the DOJ wants to see, and they couldn't come to an agreement, so they filed the law suit. I also suspect this will cause AA and US to be a bit more flexible in arriving at a settlement.