FlyerTalk Forums - View Single Post - AA - US Merger Agreement / Announcement / DOJ Action Discussion (consolidated)
Old Aug 13, 2013, 8:42 am
  #1438  
txrus
 
Join Date: Apr 2005
Location: PHX
Programs: AA Ex Platinum & 1MM, DL PLT, Marriott Gold, HH Diamond
Posts: 2,490
Originally Posted by allanfan
Aug. 13 (Bloomberg) -- American Airlines’ merger with US
Airways Group Inc. should be blocked, the U.S. Justice
Department will say in a lawsuit to be filed today, according to
a person familiar with the matter.
The move will upend American’s plans to exit bankruptcy
through a deal that would create the world’s biggest airline.
The department, in a lawsuit to be filed in federal court
in Washington, will say the proposed tie-up violates U.S.
antitrust law and would lead to less competition in the industry
and higher prices for consumers, according to the person, who
asked not to be identified because the matter is private.
It's taken them this long to figure that out?

On the other hand, better late to the party than not showing up at all ^
txrus is offline