It's madness! At least venture madness, as startups compete for funding.
US Airways And American Airlines Merger Approved By European Union Commission
The European Union Commission has approved the proposed
merger of Tempe-based US Airways with the parent of American Airlines, AMR
Corporation, but it will cost the new American one slot at
The merger and restructuring plan must still be approved by
Commission Vice President for competition policy Joaquin Almunia said in a statement the Philadelphia route would have been monopolized without concessions agreed to provisionally by the two airlines. Investigators were satisfied there would still be strong competition on other transatlantic routes affected by the merger.