News Briefs

  כסלו 14, 5774 , 17/11/13

US Airways and American Airlines Merger Approved

Just three months following a cautioning that creating the world’s biggest airline could cost consumers hundreds of millions of dollars, the US Justice Department announced a settlement had been reached and that it had dropped its opposition to the merger between US Airways and American Airlines.

According to Sunday’s Washington Post, the settlement mandated that the new airline reduce its monopoly on Washington’s Reagan National Airport, in order to increase competition which could result in the lowering of fares to major cities.

The merged airline is to retain the "American Airlines" name, and have 44 fewer flights departing from Reagan National.  But it will still be the airport’s major carrier, holding 57% of all flights.

Other archived news briefs:Nov 17 2013, 02:36 PM, 11/17/2013