The federal judge approved American Airlines’ bankruptcy plan of merging with US Airways Group Inc. (LCC). He said a U.S. antitrust lawsuit who is seeking to block the deal was no reason to delay it. The government has argued that American can arise from bankruptcy and compete on its own even without the airlines merger.
US Airways and American Airlines, which have been planning to combine the two airlines by the end of September, hit a major merger roadblock. The Justice Department filed a lawsuit on Tuesday to block the proposed $11 billion merger between American Airlines and US Airways, which would create the world’s largest airline.