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Old Mar 17, 2001, 7:48 am
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nologic
 
Join Date: Jan 2001
Location: Boston, MA
Programs: AA Lifetime Platinum (3MM), QF Lifetime Gold, Bonvoy Lifetime Platinum, Ex-Hyatt Diamond
Posts: 7,540
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.

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