AA and US Airways merger trial to begin in Nov. 25
WASHINGTON, Aug. 31 (UPI) -- American Airlines and US Airways said they were "pleased" a federal judge in Washington ordered their merger trial...
AA and US Airways merger trial to begin in Nov. 25
WASHINGTON, Aug. 31 (UPI) -- American Airlines and US Airways said they were "pleased" a federal judge in Washington ordered their merger trial to start in late November.
The U.S. Justice Department filed a lawsuit to block a proposed merger between the airlines and had been pushing for the trial to start in March, The Dallas Morning News reported Friday.
The airlines had been pushing for a much earlier start to the trial, which is expected to last as long as 12 days, the newspaper said.
"We are pleased to have a trial date that will enable us to resolve this litigation in a reasonable time frame," the airlines said in a joint statement.
The airlines -- pointed to a clause in their merger agreement that allows either airline to walk away from the merger if regulatory hurdles are not resolved by Dec. 13. -- warned a delay in the trial could unwind the agreement, although both airlines have also said they are eager to merge.
U.S. District Judge Colleen Kollar-Kotelly scheduled the trial to start Nov. 25, which makes a completion by Dec. 13 possible, the newspaper said.
Both sides are expected to focus their attention on the efficiencies of a merger. The airlines have said they would save $500 million in operating costs if they merged.
The Justice Department is concerned the $500 million figure is inaccurate.
While operating efficiency can be a benefit, if airlines eliminate parts of their flight schedules after they merge, that may reduce options for travelers.
end quote from:
AA and US Airways merger trial to begin in Nov. 25
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- Old English "Kenning" means "Whales Road" or the Sea
- Measles outbreak surpasses 350 cases and is expected to keep growing
- What are the 4 types of Anthropology? begin quote from Google AI:
- 'I'm worried it's getting worse': Texas measles outbreak grows as families resist vaccination
- March 12th 2025 in and on Mt. Shasta
- ‘He broke barriers’: One of the last survivors of elite group of paratroopers died. He was 108
- Multistate measles outbreak crosses 450 cases
- When I studied Cultural Anthropology at UCSC I was most interested in understanding cultures especially Tibetan Culture.
- Musk's antics likely causing Tesla's woes
- Mt. Shasta tourism was the highest ever for winter skiing and such BEFORE Trump was inaugurated
Saturday, August 31, 2013
AA and US Airways merger trial to begin in Nov. 25
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment