News Summary: Judge OKs airline merger, with catch

(AP) - PLAN APPROVED: A federal judge approved the plan under which American Airlines parent AMR Corp. would merge with US Airways and then exit bankruptcy protection. It filed for Chapter 11 help in November 2011.

THE CATCH: The plan won't take effect unless American gets government approval for the merger, which it doesn't have yet. The U.S. Justice Department and seven states are suing to block the deal, saying it would hurt competition and drive up prices.

NEXT STEP: A trial on the anti-merger lawsuit is scheduled to start Nov. 25. If AMR wins that case or reaches a settlement with the Justice Department, the merger goes ahead and, eventually, the US Airways brand goes away.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Placing Blame
    Jason Rantz says it's the Seattle DOT that's to blame for our awful commutes

  • Spider Season
    Just in time for Halloween, western Washington spider season in full effect

  • Seattle Drivers
    10 reasons we know you're a Seattle driver
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.