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Europeans approve Airline Merger of American, US Airways

WASHINGTON — After months of negotiation, American Airlines and U.S. Airways have been approved to merge by the European Union.

airlines merger [1]Reuters reports [2] that the $11 billion merger will take place after the airlines promised to surrender slots at London’s Heathrow airport and at Philadelphia.

The EU investigated the merger to prevent a monopoly, but this offer by the airlines could not be refused.