
The newly merged American Airlines Group is collecting an "unprecedented" 425 million dollars from smaller airlines for slots at a Washington and New York airport, dpa quoted the US Department of Justice as saying in Monday. The former US Airways and American Airlines, which merged late last year to form the world's largest airline, were forced to divest at least 138 airport slots in exchange for justice officials' dropping their antitrust challenge to the merger. In a court document released by the department, justice officials defended the compromise against dozens of complaints from US legislators, airport authorities and other individuals. "The competitive significance of the remedy is reflected in the value being paid for the divested Reagan National and LaGuardia slots - over 425 million dollars - which is unprecedented in the airline industry and among the most substantial merger remedies in any industry," the Department of Justice argued. The US District Court in the District of Columbia must still approve the final settlement, a step that is regarded as a formality.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor