Lawmakers Grill AA, US Airways On $11B Merger Plan

Law360, New York (March 19, 2013, 4:56 PM EDT) -- Sen. Amy Klobuchar, D-Minn., took a hard line Tuesday on airline industry consolidation, telling the CEOs of American Airlines Inc. and US Airways Group Inc. that consumers "have a right to be skeptical" about the legacy carriers' $11 billion merger plan.

Klobuchar told the executives at a Senate antitrust subcommittee hearing that she understood why they were pursuing the deal, but she warned that it was tough to ignore years of consolidation in the industry in considering a transaction that would leave the U.S. with just...
To view the full article, register now.