Airlines

EU Approves Merger of US Airlines

US Airways, American Airlines agree to surrender some slots at Heathrow

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US Airways and AMR Corp's American Airlines secured EU regulatory approval on Monday for their $11 billion merger after promising to surrender slots at Heathrow and Philadelphia airports.

The carriers offered the concession and also committed to facilitate the entry of a new competitor to allay concerns by the European Commission over the combined company's monopoly of the route. Reuters reported the imminent EU approval on July 29.