US Airways, Delta Heads Testify At Senate Hearing

Law360, New York (January 24, 2007, 12:00 AM EST) -- The chairman of US Airways Group Inc. on Wednesday told lawmakers that the carrier’s $10.2 billion hostile bid for bankrupt Delta Air Lines Inc. would benefit consumers and create one of the most financially stable airlines in the industry, even as Delta’s chief executive testified that his company wants to exit bankruptcy as a stand-alone carrier.

At a Senate Commerce Committee hearing on Wednesday, US Airways chairman Doug Parker said the proposed merger would result in an airline that can compete successfully against low-cost, traditional, and...
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