Broad Divestitures Wanted from DOJ
11-04-2013 | 08:13 AM
#16
Line Holder
Joined: Sep 2010
Posts: 68
Likes: 0
Eric Holder himself is speaking now, may be that's why!!
U.S. Justice Dept hopes to settle American, US Airways fight - Yahoo Finance
U.S. Justice Dept hopes to settle American, US Airways fight - Yahoo Finance
11-04-2013 | 08:35 AM
#18
Gets Weekends Off
Joined: Jan 2007
Posts: 184
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From: B-757/767 FO
For future reference, if you google the article title as instructed, then click on the online.wsj.com link that should come up first, you can read the full article for free directly from the wsj site.
11-04-2013 | 08:37 AM
#19
Working weekends
Joined: Jul 2005
Posts: 2,384
Likes: 0
From: Left Seat
U.S. Justice Dept hopes to settle American, US Airways fight - Yahoo Finance
My take:
DOJ wants to settle but LCC/AMR is going to have to "give something" before they settle. DOJ is saying "we are ready for trial" as standard lingo, to look like the tough regulator.
The smart response is give up some gates, throw DOJ a few bones, and everybody is happy. No trial, merger approved.
Cooperate, Graduate
WASHINGTON, Nov 4 (Reuters) - The U.S. Justice Department is looking for divestitures at key airports throughout the United States as a condition for dropping a lawsuit aimed at stopping the proposed merger of US Airways and American Airlines , U.S. Attorney General Eric Holder said on Monday.
Holder said that talks with the companies, whose merger would create the world's largest airline, were ongoing and that he hoped for an agreement before a trial begins on Nov. 25.
"We are fully prepared to take this case to trial" if settlement is not reached, Holder said.
The Justice Department's complaint filed against the deal discussed the combined airline's potential clout at Washington's Ronald Reagan National Airport as well as concerns about a large number of other city pairings.
Holder said that talks with the companies, whose merger would create the world's largest airline, were ongoing and that he hoped for an agreement before a trial begins on Nov. 25.
"We are fully prepared to take this case to trial" if settlement is not reached, Holder said.
The Justice Department's complaint filed against the deal discussed the combined airline's potential clout at Washington's Ronald Reagan National Airport as well as concerns about a large number of other city pairings.
DOJ wants to settle but LCC/AMR is going to have to "give something" before they settle. DOJ is saying "we are ready for trial" as standard lingo, to look like the tough regulator.
The smart response is give up some gates, throw DOJ a few bones, and everybody is happy. No trial, merger approved.
Cooperate, Graduate
11-04-2013 | 09:46 AM
#20
Gets Weekends Off
Joined: Nov 2011
Posts: 5,299
Likes: 0
From: A320 Capt
Understand, I just didn't think that was legal. Maybe I'm mistaken as it happens a lot.
Last edited by R57 relay; 11-04-2013 at 09:58 AM.
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