Next Step for Merger is Hearing on 4/6
Question – What does the Department of Justice approval mean for the transaction going forward?
Answer – This is a significant development. DOJ's approval was a major hurdle to clear as we make preparations to close the deal, hopefully within a matter of weeks. The next step is an April 6 hearing before Bankruptcy Judge Peter Walsh to transfer TWA leases and contracts to American. A closing date is expected to be set after that hearing.