US Airways insists merger with American will be done next month
US Airways says it is still on track to close its merger transaction with American Airlines by the end of the year.
It dismissed fears the planned merger might not be finalised until March, following the publication of a timetable by U.S. District Judge Colleen Kollar-Kotelly.
The timetable said the settlement between the U.S. Department of Justice and the airlines includes a public consultation scheduled to run into February 2014.
But US Airways spokesman Andrew Christie told TravelMole: “There is nothing in the Tunney Act (officially known as the Antitrust Procedures and Penalties Act) process that precludes the merger from closing.
“As is typical in DOJ merger cases, the District Court handling the DOJ challenge to the American/US Airways merger has entered orders allowing us to close the merger.
“We are free to close once we obtain Bankruptcy Court and certain other approvals.
“We expect to close the transaction in December 2013.”
Full details of the timetable have been posted in a blog by the Dallas Morning News.
The airlines must certify to the court that they have complied with the Final Judgment requirements “by no later than March 10, 2014”.
After that, a certification of compliance will be issued.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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