AG Abbott May Drop Challenge To American Airlines Merger
The Texas Attorney General’s office may be dropping or amending its opposition to the merger of American Airlines with U.S. Air.
Texas Attorney General Greg Abbott and American Airlines CEO Tom Horton have scheduled a press conference for 2 p.m. to discuss recent developments.
Abbott and the State of Texas joined the U.S. Justice Department in challenging the merger. The state says it violates anti-trust laws and would create hardships for rural, Texas communities.
The Justice Department has asked for a stay of the Nov. 25 trial citing delays because of the federal government shutdown.
An American Airlines press release states: "American Airlines, US Airways and Texas Attorney General Greg Abbott will announce an important development related to the merger of the two airlines."