EU to clear US Airways, American $11 bln merger - sources

BRUSSELS, July 29 Mon Jul 29, 2013 12:11pm EDT

BRUSSELS, July 29 (Reuters) - AMR Corp's American Airlines and US Airways will secure EU regulatory approval for their $11 billion merger after agreeing to surrender slots at Heathrow and Philadelphia airports, two persons familiar with the matter said on Monday.

The carriers offered the concession to the European Commission earlier this month to ease competition concerns over the deal which will create the world's largest airline.

"The deal is set to be approved," one source said.

The European Commission is scheduled to decide on the planned merger by Aug. 6. The tie-up is the fourth involving major U.S. carriers in the last six years.

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Comments (1)
acenturi wrote:
It’s difficult to believe that the wording of this Article is accurate. If so, it would mean that AA could no longer provide PHL-LHR service, but instead must rely on BA’s 2 daily flights to One World’s principal Hub. I suggest the agreement may instead be to provide a LHR Slot pair from ANY existing AA/US city to a TBD competitive carrier.

Jul 29, 2013 6:57pm EDT  --  Report as abuse
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