Texas, 5 Other States And Feds Sue To Stop American, US Airways Merger
The Department of Justice wants to preserve the competition between American Airlines and US Airways and is moving to block their proposed merger. Texas Attorney General Greg Abbott is also suing, along with the state of Florida, Pennsylvania, Virginia, Tennessee and the District of Columbia.
The proposed $11 billion merger between Fort Worth-based AMR Corp. and US Airways hit a major snag Tuesday when the U.S. Department of Justice, six state attorneys general and the District of Columbia filed a civil antitrust lawsuit seeking to halt the merger. The proposed merger would create the world's largest airline.