EU Approves Merger of US Airlines
US Airways, American Airlines agree to surrender some slots at Heathrow
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.