NOW AVAILABLE: THE FIRST



Judge Approves American, US Airways Merger

Source: Charisse Jones / USA Today

American cleared its last hurdles to merging with USAirways Wednesday when a bankruptcy court judge approved its settlement of a lawsuit filed by U.S. Justice officials that sought to block the tie-up.

Judge Sean Lane of the United States Bankruptcy Court , Southern District of New York, granted motions approving the settlement in which American and US Airways agreed to give up dozens of take off and landing slots at Washington’s Reagan National Airport and New York City’s La Guardia airports.

He also denied a request for a temporary restraining order filed in a separate civil suit to stall the merger.

Those were essentially the last legal approvals needed to allow the deal to close, creating what will be the largest airline in the world.

To read this article in its entirety visit the USA Today.

Related Posts Plugin for WordPress, Blogger...

Tags:

Follow Roland Martin Reports on Twitter

Follow Roland S. Martin's Timeline On Facebook

Get Roland Martin Reports in your inbox!
Sign up for Roland Martin Reports Daily News Update powered by FeedBurner

WP-Backgrounds Lite by InoPlugs Web Design and Juwelier Schönmann 1010 Wien