Justice Department OKs US Airways, American Airlines merger deal

WTVR.com

NEW YORK (CNNMoney) — The Justice Department has reached a settlement with American Airlines and US Airways that requires the airlines to sell facilities at seven airports in order to complete their planned merger.

The deal announced Tuesday allows low-cost airlines to increase their presence at many of the nation’s largest airports.

Under the agreement, American and US Airways will sell to low-cost carriers 104 slots at Washington’s Reagan National, 34 slots at New York’s LaGuardia, and rights to gates at Boston’s Logan, Chicago’s O’Hare, Dallas’ Love Field, Los Angeles and Miami airports.

In August, the Justice Department filed an antitrust suit against the airlines, arguing that the combination would reduce choices for customers by giving the combined carrier a stranglehold at certain major airports. At Reagan National, for instance, the two airlines would have controlled 69% of the take-off and landing slots.

“This agreement has the potential to shift…

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Author: JetStream Ground Services

JetStream Ground Services, Inc. is a cutting edge ground service provider to the Airline Industry. We bring quality and safety to every location we operate in. As a company, we strive to develop and train employees to become great leaders and managers and to create an environment that allows each person to reach their potential. At JetStream GS, we accomplish such successes by establishing long-term relationships with our customers, suppliers, and employees, and by taking pride in the way we do business.

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