Will American and US Airways Get an Answer at November Trial?
AMR Corp.’s (AAMRQ.PK) American Airlines and US Airways (NYSE:LCC) have requested a 10-day trial beginning November 12 for the companies to fight against the U.S. Justice Department to secure a merger the airlines have been planning for months.
In a court filing seen by Reuters, the companies said the date would give the U.S. Department of Justice 90 days to prepare its case. The Justice Department requested 180 days, but the carriers pointed out that particular amount of time is significantly longer than other merger trials. According to the filing, other government merger challenges took between 17 days and 105 days from the filing of a complaint to the start of the trial.
The proposed merger would create the world’s largest airline and pull AMR Corp. out of bankruptcy. Justice Department approval was the final step the companies had before they could move forward with the merger, having already made antitrust concessions to the European Union and receiving approval from AMR Corp.’s creditors.