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Thursday, Aug 29
DOJ, AMR and US Airways open to deal over merger dispute
- The Department of Justice, AMR (AAMRQ.PK) and US Airways (LCC) are open to a settlement in which the DOJ would withdraw its attempt to block the companies from merging.
- The government said it wants the airlines to address its antitrust concerns but hasn't yet received any proposals, an assertion contradicted by a Reuters source that said the carriers had offered concessions.
- The DOJ's main concern is the operators' hold of 69% of slots at Ronald Reagan National Airport near Washington DC and over 1,000 city pairs where the companies are dominant.
- Tomorrow, a judge is due to schedule a trial date for the case. The airlines want November, the DOJ March.