11/12/2013

American Airlines and US Airways have reached a settlement with the Justice Department, according to court documents. The carriers will divest 104 takeoff and landing slots at Reagan National Airport in Washington, D.C., as well as slots at other airports, as part of the deal. The Federal District Court still needs to approve the settlement before it becomes final. Tom Horton, chief executive of AMR, American’s parent company, and the incoming chairman of the combined company, said in a statement: “This is an important day for our customers, our people and our financial stakeholders. This agreement allows us to take the final steps in creating the new American Airlines.”

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