US Airways, American to merge after settling antitrust suit

american-airlinesFrom Yahoo Finance: WASHINGTON/NEW YORK (Reuters) – US Airways Group Inc and American Airlines will be allowed to merge to become the world’s largest airline after they agreed to give low-cost competitors more access to several key U.S. airports, including in New York and Washington. The agreement, subject to court approval, ends a U.S. Department of Justice lawsuit filed in August. The government opposed the merger of US Airways and AMR Corp, parent of bankrupt American Airlines, on the…

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