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Tuesday, August 13, 2013

Airline Merger Proposal Results in Anti-Trust Case

The U.S. federal government is telling American Airlines and US Airways that they can not pass go and cannot collect (well over) $200 in a merger action which could lead to a possible monopoly.

I guess we'll see if anyone does end up in jail as the anti-trust case proceeds.

The actual deal would be worth about $11 billion. It has, however, been backed by a federal judge and was approved by the EU, according to the BBC.

The action stems from the U.S. Department of Justice believing that the merger would result in higher prices and more power over the airline industry.


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