Govt in agreement to allow American merger - WRBL

Govt in agreement to allow American merger

Posted: Updated:
The Justice Department reached an agreement Tuesday to allow the merger of US Airways and American Airlines.(AP Photo/Susan Walsh) The Justice Department reached an agreement Tuesday to allow the merger of US Airways and American Airlines.(AP Photo/Susan Walsh)
WASHINGTON -

The Justice Department says it has reached an agreement to allow American Airlines and US Airways to merge, creating the world's biggest airline. 

The agreement requires the airlines to scale back the size of the merger at Washington's Reagan National Airport and in other big cities.

In August, the government sued to block the merger, saying it would restrict competition and drive up prices for consumers on hundreds of routes around the country.

The airlines have said their deal would increase competition by creating another big competitor to United Airlines and Delta Air Lines, which grew through recent mergers.

The settlement reached Tuesday would require approval by a federal judge in Washington. It would require American and US Airways to give up takeoff and landing rights or slots at Reagan National and New York's LaGuardia Airport and gates at airports in Boston, Chicago, Los Angeles, Dallas and Miami to low-cost carriers to offset the impact of the merger. 

Attorney General Eric Holder said the agreement would ensure more competition on nonstop and connecting routes throughout the country. The department called the slot and gate divestitures at key airports "groundbreaking."

  • U.S.More>>

  • Friend convicted of impeding Boston Marathon probe

    Friend convicted of impeding Boston Marathon probe

    Monday, July 21 2014 5:40 PM EDT2014-07-21 21:40:28 GMT
    Jurors in the trial of a friend of Boston Marathon bombing suspect Dzhokhar Tsarnaev (joh-HAHR' tsahr-NEYE'-ehv) have resumed deliberations in his obstruction of justice trial.
    A college friend was convicted Monday of trying to protect Boston Marathon bombing suspect Dzhokhar Tsarnaev by agreeing with another friend to get rid of a backpack and disabled fireworks they took from his dorm room...
  • Obama calls for immediate access to crash site

    Obama calls for immediate access to crash site

    Monday, July 21 2014 12:00 PM EDT2014-07-21 16:00:27 GMT
    President Barack Obama is calling for international investigators to have "immediate and full access" to the site in eastern Ukraine, where a passenger jet was shot down last week.
    President Barack Obama is calling for international investigators to have "immediate and full access" to the site in eastern Ukraine, where a passenger jet was shot down last week.
  • Body of missing 11-year-old drowning victim found

    Body of missing 11-year-old drowning victim found

    Monday, July 21 2014 9:27 AM EDT2014-07-21 13:27:51 GMT
    MYRTLE BEACH, SC (WMBF) – Saturday night the Coast Guard was called in to help locate an 11 year old boy who went missing in the ocean.  The 11 year old boy reportedly went missing in the ocean near 2001
     The body of an 11-year-old drowning victim who went missing in the ocean Saturday was located Monday morning.
  • Trending StoriesTrending StoriesMore>>

  • Parts of Durham once again flood as business owner looks for relief

    Parts of Durham once again flood as business owner looks for relief

    Monday, July 21 2014 10:20 PM EDT2014-07-22 02:20:30 GMT
    Several inches of rain created flooding in parts of Durham on Monday.
    Several inches of rain created flooding in parts of Durham on Monday.
  • Largest companies by revenue in each state

    Largest companies by revenue in each state

    Thursday, July 10 2014 8:01 PM EDT2014-07-11 00:01:10 GMT
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
  • Durham worker says he was let go after receiving back pay

    Durham worker says he was let go after receiving back pay

    Monday, July 21 2014 10:32 PM EDT2014-07-22 02:32:25 GMT
    Michael David said Dayeco Construction owed him a paycheck for more than six weeks of work.Michael David said Dayeco Construction owed him a paycheck for more than six weeks of work.
    A Durham man said he was let go by his employer after finally getting a paycheck that he'd waited six weeks to receive.
    A Durham man said he was let go by his employer after finally getting a paycheck that he'd waited six weeks to receive.
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.