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US Airways and American said they had extended their merger agreement.

New York (AirGuideBusiness - Business & Industry Features) - Mon, Sep 23, 2013

US Airways and American Airlines on Monday Sept. 23 said they had extended their merger agreement as they fight a US government lawsuit seeking to block the combination, which would form the world's largest airline. The companies said they extended the date by which either airline could terminate the merger pact to either January 18, 2014, or the 15th day following the entry of a court order approving the merger should it be entered on or before January 17, whichever is later. The previous termination date for the deal was December 17. Should the US district court hearing the government lawsuit rule against the merger, the carriers said either party may end the agreement five days after the entry of an order prohibiting the deal. The US Justice Department and several states filed a lawsuit on August 13 to stop the merger of US Air and American parent AMR, arguing that it would lead to higher fares and stifle competition. A federal judge will hear the case without a jury beginning November 25.

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Publication:AirGuide Business
Date:Sep 23, 2013
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