United, US Airways hope $4.3B merger deal flies
Article Abstract:
US Airways Group's $4.3 billion merger with UAL Corp will position UAL as the biggest airline in the US and in the world. It would also provide UAL with a commanding share of air travel at about a dozen major airports from San Francisco to Washington. No fare increases will be implemented by the companies for two years after the completion of the merger deal. However, the transaction will likely encounter opposition from critics charging that allowing such a merger between the No 1 and the No 6 carriers would set off a series of merger deals in the industry.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Players in United, US Airways deal lobby Capitol Hill
Article Abstract:
United Air Lines Inc (UAL) has confirmed that it has reached an agreement with US Airways Inc to acquire it for $4.3 billion. To win public and congressional support for the proposed merger, UAL Chmn James Goldwin and US Airways Chmn Stephen Wolf met with Transportation Sec Rodney Slater and key members of Congress. However, approving the consolidation remains a decision to be made by the Justice Dept's antitrust lawyers.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
United, US Airways face obstacle course
Article Abstract:
United Air Lines Inc's proposed acquisition of US Airways Inc is facing greater obstacles from federal regulators compared to airline mergers during the 1980s. The deal, which will create the biggest airline in the world, must secure the consent of the Democrat-led Justice Dept. Antitrust experts believe that the government agency think that it was not tough enough in opposing the airline mergers of the 1980s that created six large carriers and eliminated a number middle-sized ones.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Doubt greets United-US Airways promise to cap fares. Airlines raise fares third time in 2000. Rivals join Continental in raising fares
- Abstracts: United Airlines, mechanics' dispute raises safety worries. United Airlines chief steps down. Continental, United battle over carry-ons
- Abstracts: Justice asks high court to hear Microsoft case now. Microsoft faces largest racial bias lawsuit ever
- Abstracts: AOL interactive services to be offered in DirecTV. High-speed lines face slow going. Magazine pages to act as Net portals
- Abstracts: Nortel may sell shares in fiber-optics parts unit. Corning may buy Nortel business. Global Crossing claims Tyco stole trade secrets