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DoJ Settlement Clears The Way For US Airways/American Airlines Merger

DoJ Settlement Clears The Way For US Airways/American Airlines Merger

(Washington, DC) -- A proposed settlement is being unveiled which could lead to the completion of a merger between U.S. Airways and American Airlines.

The Justice Department says a tentative deal has been reached involving concessions on takeoff and landing slots at certain airports. The merger would create one of the world's largest airlines. The Justice Department and attorneys general in several states sued to block the merger when it was first announced.

Under the proposed settlement, the two airlines would sell off takeoff and landing slots at several major airports, including New York LaGuardia, DC Reagan National, Boston Logan, Chicago O'Hare, Los Angeles International, Dallas' Love Field and Miami International.

The gates will become available to low cost carriers, a move that is aimed at boosting competition.

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