US Airways Group (LCC) and American Airlines are considering giving up takeoff and landing slots at Washington's Ronald Reagan National Airport to win regulator approval of their $11 billion merger, two people familiar with the matter said. The airlines are hoping to reach a settlement with the U.S. Justice Department before the trial, due to begin November 25, paving the way for a deal that would create the world's largest air carrier, the sources said. The companies' stock prices have climbed in anticipation of a deal, and they rose further on Wednesday after a Dow Jones report on a potential proposal to overcome regulatory concerns. American Airlines' parent company AMR Corp (AAMRQ.PK) closed up 4.3 percent at $7.30 and US Airways Group Inc ended 0.94 percent higher at $22.58.
via Business News - Yahoo Finance http://finance.yahoo.com/news/us-airways-american-consider-merger-004207119.html
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