U.S. seeking divestitures from American, US Airways: source

U.S. antitrust authorities want American Airlines and US Airways Group Inc (LCC) to agree to a broad package of divestitures at key U.S. airports in order to win approval of a merger that would create the world's largest air carrier, a source familiar with the matter said on Sunday. The airlines and the U.S. Justice Department have begun talks about a possible settlement ahead of a trial later this month about the government's effort to block the merger. The source, who was not authorized to speak publicly, said the two sides were discussing the possibility of the airlines giving up takeoff and landing slots at Washington's Ronald Reagan National Airport and other airports around the country. In a complaint filed in August, the Justice Department had focused on Reagan National Airport, where the two carriers control a combined 69 percent of takeoff and landing slots.



via Business News - Yahoo Finance http://finance.yahoo.com/news/u-seeking-divestitures-american-us-020109452.html