Justice Department Clears Southwest Airlines' Acquisition Of AirTran
26 Avril 2011 - 10:30PM
Dow Jones News
The Justice Department announced Tuesday that it has given
antitrust clearance to Southwest Airlines Co.'s (LUV) planned
acquisition of AirTran Holdings Inc. (AAI), saying the merger
wouldn't substantially lessen competition.
The department's antitrust regulators said the merged firm would
be able to offer new service on routes that neither airline serves
today.
The department said that although the discount carriers have
overlaps on certain nonstop routes, it didn't challenge the merger
"after considering the consumer benefits from the new service."
The airlines announced the $1.4 billion deal last September.
-By Brent Kendall, Dow Jones Newswires; 202-862-9222;
brent.kendall@dowjones.com
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