“In a surprise move Tuesday, the U.S. Justice Department sued to block the $11 billion merger of American Airlines and US Airways, which would create the world’s largest airline. The Justice Department said it would harm competition and U.S. consumers, as just four airlines would control more than 80 percent of the U.S. commercial air travel market. The department took action against this merger, yet recently let go other combinations between major airlines. Industry experts said the move was out of step with past practices and would potentially leave US Air and American, which is emerging from bankruptcy, at a competitive disadvantage.”
Justice Department sues to block US Airways-American merger
- Post author:The Freedom Watch Staff
- Post published:August 15, 2013
- Post category:Network Archives
Tags: Aviation/Space, Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, From The Government And Here To Help, Land Of The Flea, Mainstream News, regime uncertainty, Resistance, sound money, statism, The Freedom Watch
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