AMR (AAMRQ), US Airways (LCC) Will Likely Need to Keep 'Advantage' Fares for Short Period - Attorneys

November 5, 2013 12:30 PM EST
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Following-up on reports that certain concessions will need to be made by AMR Corp (OTCBB: AAMRQ) and US Airways (NYSE: LCC) in order to win over the U.S. for approval of the companies pending merger, Bloomberg cites attorneys Jeffrey Blumenfeld and Michael Goldman with more commentary on the matter.

AMR Corp and US Airways will need to divest certain slots at Reagan National in Washington, D.C. The duo will also remedy the 1,000 connecting city-pairs issue with potential gate divestitures.

Another condition for the merger to go through would be that the combined company will retain US Airways' Advantage fares for three years. Certain discounts and where the fares apply will be taken into consideration.

Blumenfeld is antitrust lawyer at Lowenstein Sandler LLP. His firm represents Transport Workers Union in the AMR Corp bankruptcy.

Goldman is airline regulatory lawyer at Silverberg Goldman & Bikoff LLP; he represents Dallas-Fort Worth Airport, which is a major AMR Corp hub.

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