A PYMNTS Company

EU: Commission clears American, US Airways deal – but at what cost?

By  |  August 5, 2013

The European Commission announced its approval of a planner merger between American Airlines and US Airways, which would create the largest airline on the planet, as long as the company divests a single slot at London’s Heathrow airport. Further, the Commission said it would require the new company to ensure continuing competition within the route between London and Philadelphia, which has been of particular concern among regulators. The US Department of Justice is still reviewing the deal. If cleared, the business plan would be a way out of bankruptcy for American Airlines owner AMR Corp., so long as its restructuring plan is approved by a US federal judge.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Washington Post

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.