November 12, 2013
US Airways Group Inc. and bankrupt American Airlines will divest departure gates and 138 takeoff and landing slots at seven key airports under a proposed agreement with the U.S. Department of Justice to settle the government's antitrust suit attempting to block the airlines' merger, the DOJ announced Tuesday.
November 08, 2013
Southwest Airlines Co. won permission Thursday to weigh in on the government's challenge of American Airlines Inc. and US Airways Group Inc.'s merger, to argue that the carriers should be required to sell slots at airports in New York and Washington, D.C., if the deal is permitted.
November 04, 2013
The U.S. Department of Justice is pushing for a settlement of its antitrust suit to block the American Airlines Inc. and US Airways Group Inc. merger that would require the carriers to divest facilities at certain airports nationwide, Attorney General Eric Holder said during a press conference Monday morning.
October 28, 2013
The unsecured creditors of American Airlines Inc.'s bankrupt parent company asked a Washington, D.C., federal judge Monday to allow them to file a friend-of-the-court brief backing American's contested merger with US Airways Group Inc., saying the bankruptcy process would have to start over if federal authorities killed the deal.
October 25, 2013
The leaders of 26 city and state chambers of commerce on Thursday joined in the growing chorus of stakeholders voicing support for the proposed merger of American Airlines Inc. and US Airways Group Inc. and urged Attorney General Eric Holder to settle the lawsuit currently stymieing the deal.
October 23, 2013
Mayors of seven cities that serve as hubs for American Airlines Inc. and US Airways Group Inc. on Wednesday urged Attorney General Eric H. Holder Jr. to allow the carriers' proposed merger to proceed for the sake of boosting their local economies.
October 16, 2013
AMR Corp. on Wednesday received a New York bankruptcy judge's approval to obtain up to $785 million in financing secured by 75 separate Boeing jets, saying it is necessary to amp up the carrier's liquidity moving forward.
October 03, 2013
AMR Corp. on Wednesday asked a bankruptcy judge to sign off on $785 million in new financing that would be secured by the carrier's aircraft, boost its liquidity and provide funding for general corporate purposes.
September 24, 2013
A lawsuit from American Airlines customers seeking to block its $11 billion merger with US Airways will not proceed until an antitrust lawsuit from the federal government is resolved, a New York bankruptcy judge ruled Tuesday.
September 16, 2013
The judge overseeing AMR Corp.'s bankruptcy on Friday rejected a proposal to award American Airlines Inc. head Thomas Horton a nearly $20 million severance package for guiding the company through its restructuring and proposed merger with US Airways Group Inc., finding the payment was barred by law.