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November 13, 2013

Justice Dept. Approves American Airlines-U.S. Airways Merger 
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A proposed merger between American Airlines and U.S. Airways has won
Justice Department approval, paving the way for what would be the
world’s largest airline. The airlines reached an agreement with
federal regulators just two weeks before a scheduled trial. Under the
deal, the two airlines would give up dozens of take-off and landing
slots at several major airports to lower-cost carriers. The pact still
needs approval from the Federal District Court in Washington, D.C., and
the judge overseeing American’s bankruptcy case. If approved, more
than 70 percent of the airline passenger business would fall under the
control of four airlines.

 

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