May 27, 1987
Spokesmen for the two air carriers said the request was made to the Transportation Department after the Justice Department said it would not oppose the merger on competitive grounds and after agreements were reached on minimum service levels in New York and Massachusetts. A Transportation Department administrative law judge has been preparing for the hearings, which are scheduled to get under way next month. A decision by Transportation Secretary Elizabeth Hanford Dole is expected in September.
April 16, 1987
The Transportation Department said that it will hold formal hearings on the proposed acquisition by USAir of Piedmont Aviation in order to review "competitive issues." "Comments filed by the Justice Department, the states of New York, West Virginia and Massachusetts and other parties suggest that the acquisition may raise significant competitive issues," the department said in a statement.
April 28, 1987 |
Thursday is the deadline for the merger of USAir Group and Pacific Southwest Airlines and, if Teamsters union objections are not resolved, the combination might not take place. "When April 30 rolls around," David H. Shipley, a USAir spokesman, said, "we'll walk away from the transaction if no agreement has been reached." And the problem with the proposed $400-million PSA merger, plans for which were announced in December, is not USAir's only current difficulty. Its planned $1.
October 31, 1987 |
Overruling its own administrative law judge, the Transportation Department on Friday approved the $1.59-billion acquisition of Piedmont Aviation by USAir Group. The transaction will be the highest-priced consolidation resulting from the airline industry's post-deregulation merger mania. After three years of merger frenzy, it is also believed to be one of the last industry marriages.