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The Department of Justice is reportedly investigating US Airways' (LCC) acquisition of American...

The Department of Justice is reportedly investigating US Airways' (LCC) acquisition of American Airlines (AAMRQ.PK) and has started taking depositions. The main issue is whether the airlines should sell take off and landing rights at Reagan National Airport near Washington. The combined carrier would would have 68% of the slots, well above its rivals.
Comments (3)
  • WMARKW
    , contributor
    Comments (10263) | Send Message
     
    This is what Eric Holder thinks is important?
    28 Jun 2013, 09:17 AM Reply Like
  • Economic Analyst
    , contributor
    Comments (2397) | Send Message
     
    Senator Amy Klobuchar, who chairs the Senate Judiciary Committee's antitrust subcommittee, and Mike Lee, the top Republican on the panel, noted concern that flight costs could go up or customer service could deteriorate.

     

    "We anticipate that your analysis will include, as it should, a careful examination of whether divestiture of slots at Reagan National (Airport) is necessary to ensure that consumers continue to benefit from robust competition at this airport..."

     

    The letter was addressed to Attorney General Eric Holder and Transportation Secretary Ray LaHood. Both the Justice and Transportation Departments must approve the proposed deal.

     

    http://reut.rs/13c1UT2
    28 Jun 2013, 09:45 AM Reply Like
  • DesertGhost
    , contributor
    Comments (41) | Send Message
     
    Yet it's interesting that Unites has 81% of the slots at Newark another slot controlled airport.

     

    In the end, I do think there'll be some slot divestitures at Reagan National.
    28 Jun 2013, 10:37 AM Reply Like
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