EU approves American Airlines, US Airways merger
Published on Aug 5, 2013 10:40 PM
BRUSSELS (AFP) - European Union competition authorities gave their approval on Monday, following US bankruptcy backing in February, for the merger of American Airlines and US Airways, which will create the world's largest airline.
"The European Commission has cleared under the EU Merger Regulation the proposed merger between US Airways Group and AMR Corporation, including its main subsidiary American Airlines, Inc, all of the United States," said a statement.
The decision is conditional on the merged company making way for increased competition on the London-Philadelphia route, where a joint venture with British Airways and Iberia creates a de facto monopoly.
Having received such commitments, "the Commission concluded that the transaction would not raise competition concerns". The Commission found no other significant concerns affecting European routes.
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