News Summary: Judge OKs airline merger, with catchSeptember 12, 2013 @ 3:35 pm
(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 This material may not be published, broadcast, rewritten or redistributed.)
Donate to Treehouse and change the life of a foster child
A new report reveals what Boeing is hoping for as states clamor for the 777X
The Holiday Map
Find lights, Santa photos, tree farms, and seasonal events with our holiday map
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.