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.
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