Oklahoma Attorney General - www.oag.ok.gov

News Release

11/12/2013


Attorney General Pruitt Commends American Airlines-US Airways Merger Settlement


Media Contacts:
Diane Clay, Director of Communications
(405) 522-0166 or (405) 250-8792 cell
Diane.Clay@oag.ok.gov

Aaron Cooper, Director of Public Affairs
(405) 522-2924 or (405) 759-0468 cell
Aaron.Cooper@oag.ok.gov

November 12, 2013
For Immediate Release


OKLAHOMA CITY – Attorney General Scott Pruitt commended the settlement reached Tuesday between American Airlines, US Airways and the Justice Department that meets state antitrust laws and provides security for thousands of jobs in the airline’s Tulsa maintenance facility.

In October, General Pruitt sent a letter to U.S. Attorney General Eric Holder outlining Oklahoma’s review of antitrust laws and the state’s approval of the merger. The letter was followed by support from other attorneys general and industry representatives. General Pruitt also filed notice that Oklahoma intended to file a brief in support the merger if the settlement had not been reached.

“This merger is an important step for Oklahoma’s economic security and for the prosperity of thousands of Tulsa families,” Attorney General Pruitt said. “As we’ve noted all along, the merger between American Airlines and US Airways would not violate antitrust laws and would actually allow the merged airline to compete in the marketplace, creating more opportunities for consumers. This is great news for Oklahoma.”

Tuesday’s settlement ends litigation brought by the U.S. Department of Justice, the states of Arizona, Florida, Michigan, Pennsylvania, Tennessee and Virginia, and the District of Columbia, challenging the merger. After the lawsuit was filed in August against US Airways’ $11 billion acquisition of American, the Oklahoma Attorney General’s Office reviewed the merger and found no violation of state or federal antitrust laws and determined the merger would benefit consumers.

“We are very grateful to Attorney General Pruitt for recognizing the value of this combination to the great State of Oklahoma, and for his advocacy on behalf of so many of our people and customers who live in the state. Our new company will have deep roots in Oklahoma, and we are excited to bring all the great benefits of our expanded global network to its cities and communities,” said Tom Horton, chairman, president and CEO of American Airlines.

Completion of the merger remains subject to the approval of the settlements by the U.S. Bankruptcy Court, and certain other conditions. The companies now expect to complete the merger in December.



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10-3-13 AG Pruitt AA Merger Letter.pdf


Oklahoma Attorney General - www.oag.ok.gov

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