November 12, 2013 |
American Airlines and US Airways moved another step closer to creating the world's biggest carrier but had to make concessions to help ensure the deal wouldn't lead to service cuts and higher fares. The Justice Department said Tuesday the agency would back the $11-billion combination under an agreement that the airlines give up dozens of gates at major hubs including New York, Washington and Los Angeles. Both sides heralded the agreement as a boon to consumers because those gates must be auctioned off to low-cost competitors.
November 5, 2013 |
If American Airlines and US Airways divest themselves from "key" airports, the U.S. Department of Justice may be willing to drop its challenge to a merger plan for the airlines. That is the word from U.S. Atty. Gen. Eric H. Holder Jr., who said the Justice Department was discussing a potential settlement of a suit the agency filed in August to halt the merger that would create the nation's largest airline. "What we have tried to focus on is to make sure that any resolution in this case necessarily includes divestitures of facilities at key constrained airports throughout the United States," Holder said during a press conference on an unrelated matter.
November 1, 2013 |
The U.S. Federal Trade Commission on Friday gave approval to a proposed $1.2-billion merger of Office Depot Inc. and OfficeMax, concluding that the move won't harm competition. The Trade Commission, which in 1997 blocked the merger of Office Depot Inc. and Staples Inc., said that market conditions have changed since then. Other retailers have beefed up their office supplies offerings and consumers can also go online, through Amazon, for instance, to purchase supplies, the commission said.
October 28, 2013 |
The U.S. Justice Department's lawsuit to halt the proposed merger of American Airlines and US Airways may be resolved without a court battle. The two sides have agreed to meet with a mediator at the suggestion of the judge who was set to hear the lawsuit aimed at stopping the creation of the world's largest airline, according to a court filing. But if mediation does not resolve the legal wrangling, the suit will likely begin Nov. 25 in the courtroom of Judge Colleen Kollar-Kotelly.
October 23, 2013 |
The mayors of six cities and a county with major airline hubs are lobbying the U.S. Justice Department to drop its opposition to a merger of American Airlines and US Airways. The mayors of Charlotte, N.C.; Philadelphia; Dallas; Fort Worth; Phoenix; Chicago and Miami-Dade County signed a letter Wednesday urging federal officials to end a lawsuit aimed at killing the merger. The Justice Department lawsuit, which is scheduled to be heard Nov. 25 in Washington, claims the merger will hurt competition and lead to higher fares and reduced service to smaller markets.
CALIFORNIA | LOCAL
October 15, 2013 |
Los Angeles Mayor Eric Garcetti said Tuesday that he plans to halt the merger of two major agencies that the city was looking to consolidate in an effort to streamline approval of real estate projects. At a meeting with The Times editorial board, Garcetti said the city Planning Department's expected merger with the Building and Safety Department would not go forward in January. “I think that's just rearranging the bureaucracy and not the systems,” Garcetti said. Garcetti's effort to block the merger would kill a major initiative of his predecessor, Antonio Villaraigosa.
October 1, 2013 |
Cross Texas off the list of states that oppose the merger of American Airlines and US Airways. Texas was one of seven states that had joined the U.S. Department of Justice and the District of Columbia in filing a suit to block the airlines from forming the world's largest carrier. The lawsuit, which is scheduled for trial starting Nov. 25, says the merger will reduce competition, cut service to smaller cities and lead to higher fares. But Texas Atty. Gen. Greg Abbott announced he is pulling out of the lawsuit after American Airlines agreed to maintain scheduled daily service to more than 20 Texas airports.
September 23, 2013 |
Facing a lawsuit by the U.S. Department of Justice, the parent companies of American Airlines and US Airways have agreed to extend their merger plans for an extra month. The expiration date to merge the airlines to create the nation's largest airline has been moved from Dec. 17 to Jan. 18, AMR Corp. and US Airways Group announced in a joint statement. A trial to hear the Justice Department's challenge to the merger is scheduled to begin Nov. 25 at a district court in Washington.
September 17, 2013 |
Every employee union involved in the proposed merger of American Airlines and US Airways has endorsed the marriage that would create the nation's largest carrier. Well, almost every labor group. The flight attendants for American Eagle, the regional carrier owned by AMR Corp., the parent company of American, are the first employee group speaking out against the merger. The 1,800 flight attendants for the small carrier say they fear their jobs are at risk because of a series of outsourcing plans announced since November.