US Airways, American offer EU concessions over merger deal

BRUSSELS Wed Jul 17, 2013 9:11am EDT

An American Airlines jet takes off while U.S. Airways jets are lined up at Reagan National Airport on the day U.S. Airways' stockholders are expected to vote on whether to approve the $11 billion merger of the two airlines effectively creating the world's largest carrier, in Washington July 12, 2013. REUTERS/Larry Downing

An American Airlines jet takes off while U.S. Airways jets are lined up at Reagan National Airport on the day U.S. Airways' stockholders are expected to vote on whether to approve the $11 billion merger of the two airlines effectively creating the world's largest carrier, in Washington July 12, 2013.

Credit: Reuters/Larry Downing

BRUSSELS (Reuters) - US Airways Group LCC.N and AMR Corp's (AAMRQ.PK) American Airlines have offered concessions to European Union antitrust regulators to win approval for their planned $11 billion merger to create the world's largest airline.

The European Commission said on Wednesday that it would decide by August 6 whether to clear the deal. It did not provide details of the airlines' proposal, in line with its usual policy.

Airlines typically offer to cede airport slots or open up their frequent-flyer programs to rivals to ease regulatory concerns that their mergers may harm competition.

U.S. regulators are also examining the proposed deal. US Airways shareholders last week gave the green light to the deal, which marks the fourth major tie-up in the U.S. airline industry in the last five years.

(Reporting by Foo Yun Chee; Editing by David Goodman)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
TheInfidel wrote:
Why do we even concede to the EU. Seems as if all they do nowadays is to try and screw the U.S. through BS lawsuits, anti-U.S. regulations/rules, etc!

Jul 17, 2013 12:41pm EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.