Court OKs American-US Air Merger

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united-airlinesIn non-storm-related airline news, two of the largest airlines are about to become one. A judge approved a settlement today between the Justice Department and the proposed merger between AMR Corp (American Airlines) and US Airways Group Inc.

The approval will allow American to exit bankruptcy proceedings and merge to create the largest airline in the world. The DOJ had been opposed to the merger on the grounds that it would be anti-competitive and hurt consumers, but negotiations led to the airlines giving up spots at prominent airports around the country. Read more at NBC News.

{Andy Heller-Matzav.com Newscenter}

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