DOJ clears merger of America West, US Airways
06-24-2005, 03:18 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: Feb 2005
Position: 737 CFI
Posts: 390
DOJ clears merger of America West, US Airways
DOJ Clears Proposed Merger Of America West, US Airways
WASHINGTON -(Dow Jones)- The Justice Department on Thursday cleared the proposed merger of US Airways Group Inc. (UAIRQ) and America West Holdings Corp. (AWA), a deal that would bring US Airways out of bankruptcy protection.
The companies announced their intention to merge on May 19.
"The Antitrust Division has concluded that the proposed merger of America West and US Airways would not reduce competition, and therefore has decided to close its investigation without issuing requests for additional information," R. Hewitt Pate, head of DOJ's antitrust office, said in a statement.
The deal, "which will create the fifth largest domestic carrier, will enable the merged airline to offer U.S. consumers more and better service to more destinations throughout the country," Pate added.
WASHINGTON -(Dow Jones)- The Justice Department on Thursday cleared the proposed merger of US Airways Group Inc. (UAIRQ) and America West Holdings Corp. (AWA), a deal that would bring US Airways out of bankruptcy protection.
The companies announced their intention to merge on May 19.
"The Antitrust Division has concluded that the proposed merger of America West and US Airways would not reduce competition, and therefore has decided to close its investigation without issuing requests for additional information," R. Hewitt Pate, head of DOJ's antitrust office, said in a statement.
The deal, "which will create the fifth largest domestic carrier, will enable the merged airline to offer U.S. consumers more and better service to more destinations throughout the country," Pate added.
Thread
Thread Starter
Forum
Replies
Last Post
