EU set to approve American US Air deal

7/31/2013 9:23:01 AM

AMR Corp's American Airlines and US Airways will win EU approval for their US$11 billion merger to become the world's largest carrier after agreeing to cede slots on a transatlantic route. The airlines offered to give up slots at Heathrow and Philadelphia airports earlier this month after the European Commission raised competition concerns over the route. "The deal is set to be approved," a source told Reuters. Antitrust regulators typically require merging airlines to surrender slots to new entrants, thereby preserving competition. The European Commission will rule on the planned merger by August 6. Commission spokesman Ryan Heath declined to comment on the EU competition authority's decision. Cargonews Asia

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