U.S. Justice Department asked a federal court to set trial date on March 3 to hear arguments on whether it should halt a planned merger between US Airways and American Airlines.
Tags: American Airlines
Michigan joins American Airlines-US Airways suit to block merger
Michigan had joined six other states in a lawsuit to block the proposed merger of US Airways and American Airways to create the world's largest airline company.
T. Rowe Price bans American Airlines employees from trading funds in retirement plans
T. Rowe Price banned some American Airline employees from trading the funds in their 401k plans because of collective trading.
Countdown starts for U.S. airline merger trial in November
A US judge had granted the request of American Airlines and US Airways for an earlier trial against the US Justice Department that intends to block the two companies' planned USD11 billion deal.
Federal judge wants American Airlines/US Airways trial expedited
US District Judge Colleen Kollar-Kotelly said she wanted the trial against American Airlines and US Airways to be held before the US Justice Department's proposed March 3 date.
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The AMR-US Airways merger could be blocked by Federal regulators which had made JetBlue Airways the next target once the US Department of Justices succeeds in derailing the deal.
US anti-trust regulators filed a lawsuit against US Airways and American Airlines' USD11 billion merger saying that the deal would only result to higher air fares, service reduction and a strangled competition in the industry.
US Airways and American Airlines promised to fight the antitrust lawsuit filed by the US Department of Justice, of which halted the airline companies' USD 11 billion merger.
Sources told Reuters if the government's anti-trust case against the AMR-US Airways merger prospers, AMR would have to go back to the drawing board and investors would suffer.
The American Airlines and US Airways US$1 billion merger is set to be finalized before the end of August 2013.
American Airlines and US Airways gave concessions to EU antitrust regulators to get their authorization over a planned merger.
Shareholders for US Airways approved the merger for American Airlines Shareholders of US Airways announced that they have approved of the merger with American Airlines.
US Airways and American Airlines took a step closer to merger. US Airways and American Airlines took a step closer to their proposed merger on Friday, as shareholders of US Airways voted for the merger.
The US Justice Department investigated the planned merger of American Airlines and US Airways, a deal which is expected to be completed by end of September.
