American Airlines merger given EU go ahead
August 13th, 2013 by elisa

The American Airlines and US Airways merger has been given the thumbs up by European regulators.

The permission has been granted under agreement that the airlines will give up one daily slot pair at Heathrow and Philadelphia airports to allow for a new entrant on to the London Philadelphia route.

AA’s $11 billion merger and restructuring plan will create the world’s biggest airline, however it must still be approved by a US federal judge before its parent AMR can emerge from bankruptcy.

The EU antitrust authority said the airlines would also sign feed traffic agreements with a new competitor on the route, which will be dominated by American and Oneworld partner British Airways after the merger. Meanwhile, there remains competition from other carriers on all other routes affected by the merger.

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