GRAPEVINE (AP) – The Texas attorney general says the state has reached a settlement in its challenge to the proposed merger of American Airlines and US Airways.
Attorney General Greg Abbott had led Texas into the lawsuit with the U.S. Justice Department and five other states in August. He cited expectations that consolidation would lead to higher fares and fees.
At a news conference Tuesday at Dallas-Fort Worth International Airport, however, Abbott said the carriers have agreed to maintain present levels of service in Texas and to keep the Texas headquarters.
Fort Worth, Texas-based American Airlines is a major employer in the state, and Abbott is seeking the Republican nomination for governor.
The Justice Department’s antitrust trial over the merger is still scheduled for Nov. 25.
this is a developing story – updates soon.
(©2013 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
- American Airlines Paying $200 Million For Stake In China Southern
- Texan Pleads Guilty To Claiming Rigged Wisconsin Jackpot
- Music Teacher Says Jam Sessions Help Kids Graduate
- Mother Shot And Killed Trying To Sell Gaming Console
- Little Elm Residents Still Reeling From Hail Storms
- Climber Falls To Her Death In Grapevine
- Tricks To Using The New iPhone Software
- Enter The “Show Your Spirit’ Sweepstakes
- Ben & Skin Parody: Rangers Won’t Die
- Johnny Manziel’s Popularity Plummets
- PHOTOS: Your Pet Pictures