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-   -   OFFICIAL: Suit Settled, Merger to Happen. (https://www.airlinepilotforums.com/american/78203-official-suit-settled-merger-happen.html)

nwa757 11-12-2013 07:22 AM

OFFICIAL: Suit Settled, Merger to Happen.
 
AMR-US Airways Said to Settle U.S. Merger Antitrust Suit - Bloomberg

American?s Flight Attendants Celebrate Settlement Announcement

American Airlines and US Airways Group Inc. have reached a settlement with federal regulators in the U.S. lawsuit seeking to block their $17.2 billion merger, a person familiar with the matter said.
A deal with the Justice Department will be announced today, the person said, asking not to be identified because the negotiations are private. The two sides have been discussing airline concessions such as ceding flight slots at Washington’s Reagan National Airport, people familiar with the negotiations said. The deal would require a judge’s approval.

AMR rose as much as 42 percent to $13.50 in over-the-counter trading. US Airways jumped as much as 9.5 percent to $25.49 in New York before trading was halted.

Montey 11-12-2013 07:39 AM

Things are gonna get interesting.

Andy 11-12-2013 08:09 AM

All the best to everyone at AMR and LCC.

cubguy 11-12-2013 08:20 AM

What a relief!

pagey 11-12-2013 08:26 AM

Nonsense.

The DoJ couldn't figure this crap out in the 5 months after the merger was announced?

All this did was cost AMR/LCC millions.

CanoePilot 11-12-2013 08:29 AM


Originally Posted by pagey (Post 1518395)
Nonsense.

The DoJ couldn't figure this crap out in the 5 months after the merger was announced?

All this did was cost AMR/LCC millions.

Don't be negative.

Andy 11-12-2013 08:30 AM


Originally Posted by pagey (Post 1518395)
Nonsense.

The DoJ couldn't figure this crap out in the 5 months after the merger was announced?

All this did was cost AMR/LCC millions.

The Feds have been working the blackmail game against a lot of deep pockets since the last election. Look at how they've gone after JPM and SAC Capital. Chicago 'politics'.

pilotlbs 11-12-2013 10:08 AM


Originally Posted by CanoePilot (Post 1518397)
Don't be negative.

HAHA that made me laugh, thank you! LOL:D

R57 relay 11-12-2013 11:26 AM

Congrats to all of us. Looking forward to the new American!

GQpilot 11-12-2013 11:47 AM

Great news for all, east/west, and American!

G


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