AMSTERDAM (AP) - European authorities have cleared US Airways Group Inc.'s proposed merger with American Airlines' parent company, AMR Corp. - on the condition that they give up one slot at London's Heathrow airport and take steps to foster competition on the London-Philadelphia route.
The merger and restructuring plan, which would create the world's biggest airline, must still be approved by a U.S. federal judge before AMR can emerge from bankruptcy, with a hearing expected Aug. 15.
Meanwhile, the U.S. Department of Justice is still reviewing the deal amid complaints that it could lead to reduced competition and higher fares in the U.S.