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

Nov 12, 2013 11:46 AM EST

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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