November 12: Justice Dept. Clears Merger of 2 Airlines (The New York Times)
November 14, 2013
After months of setbacks and delays, the merger ofAmerican Airlines and US Airways to create the world’s largest airline became all but certain on Tuesday after the airlines reached a settlement with the Justice Department just two weeks before a scheduled trial.
The deal paves the way for the creation of a third major global airline that can compete with United Airlines andDelta Air Lines, which completed their own mergers in recent years, and sets the structure for the domestic airline industry for years to come...