Reuters: Regulatory News: EU to clear US Airways, American $11 bln merger - sources

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

EU to clear US Airways, American $11 bln merger - sources Jul 29th 2013, 16:11 BRUSSELS, July 29 | Mon Jul 29, 2013 12:11pm EDT BRUSSELS, July 29 (Reuters) - AMR Corp's American Airlines and US Airways will secure EU regulatory approval for their $11 billion merger after agreeing to surrender slots at Heathrow and Philadelphia airports, two persons familiar with the matter said on Monday. The carriers offered the concession to the European Commission earlier this month to ease competition concerns over the deal which will create the world's largest airline. "The deal is set to be approved," one source said. The European Commission is scheduled to decide on the planned merger by Aug. 6. The tie-up is the fourth involving major U.S. carriers in the last six years.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions