Deals
American Airlines-US Airways Merger Settlement Approved
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The American Airlines settlement that cleared the carrier’s $17 billion merger with US Airways Group was formally approved by a federal judge, capping the biggest antitrust case brought by regulators last year.
The settlement, creating the world’s largest airline, was approved yesterday by U.S. District Judge Colleen Kollar-Kotelly in Washington, about five months after the carriers agreed to resolve the Justice Department’s lawsuit by selling airport assets to competitors. American parent AMR Corp. was in bankruptcy at the time.