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AMR CORPORATION AND US AIRWAYS ANNOUNCE SETTLEMENT WITH U.S. DEPARTMENT OF JUSTICE AND STATE ATTORNEYS GENERAL

November 12
11:46 AM 2013
  • MERGER SETTLEMENT 'HAS POTENTIAL TO SHIFT LANDSCAPE OF AIRLINE  INDUSTRY' - U.S. ATTORNEY GENERAL HOLDER
  • U.S. AIRWAYS-NEW AMERICAN AIRLINES AGREED TO MAINTAIN ITS HUBS IN CHARLOTTE, NY, LA, MIAMI, CHICAGO, PHILADELPHIA, AND PHOENIX FOR A PERIOD OF 3 YEARS
  • AMR CORPORATION AND US AIRWAYS ANNOUNCE SETTLEMENT WITH U.S. DEPARTMENT OF JUSTICE AND STATE ATTORNEYS GENERAL 
  • U.S. AIRWAYS GROUP SAYS SETTLEMENT ALLOWS FOR COMPLETION OF MERGER IN DECEMBER 
  • U.S. AIRWAYS GROUP SAYS UNDER THE TERMS OF THE SETTLEMENT, THE AIRLINES WILL DIVEST 52 SLOT PAIRS AT WASHINGTON REAGAN NATIONAL AIRPORT 
  • U.S. AIRWAYS GROUP - UNDER THE TERMS OF THE SETTLEMENT, AIRLINES WILL DIVEST 17 SLOT PAIRS AT NEW YORK LAGUARDIA AIRPORT 
  • U.S. AIRWAYS-ALSO ANNOUNCED AN AGREEMENT WITH DEPARTMENT OF TRANSPORTATION RELATED TO SMALL COMMUNITY SERVICE FROM WASHINGTON REAGAN NATIONAL AIRPORT 
  • U.S. AIRWAYS GROUP SAYS PREVIOUS SETTLEMENT AGREEMENT WITH THE STATE OF TEXAS WILL BE AMENDED TO MAKE IT CONSISTENT WITH TUESDAY'S SETTLEMENT 
  • U.S. AIRWAYS - DESPITE DIVESTITURES, THE NEW AMERICAN IS STILL EXPECTED TO GENERATE MORE THAN $1 BILLION IN ANNUAL NET SYNERGIES BEGINNING IN 2015 
  • U.S. AIRWAYS GROUP SAYS DIVESTITURES REQUIRED BY THE SETTLEMENT ARE NOT EXPECTED TO IMPACT TOTAL EMPLOYMENT AT THE NEW AMERICAN AIRLINES 
  • U.S. AIRWAYS GROUP SAYS DIVESTITURES WILL OCCUR THROUGH A DOJ APPROVED PROCESS FOLLOWING THE COMPLETION OF THE MERGER  

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