American Airlines and US Airways have agreed to extend the deadline to complete their proposed $11 billion merger as they fight an antitrust lawsuit filed by the U.S. Department of Justice and six states, including Texas. The airlines’ boards have extended the deadline to either Jan. 18, 2014 or the 15th day following the entry of a court order approving the merger, whichever is later, Reuters reported. American Airlines (OTC: AAMRQ) and US Airways (NYSE: LCC) previously had set a Dec. 17 date. The merger will create the world’s largest airline, to be headquartered in Fort Worth. It is the centerpiece of the Chapter 11 bankruptcy reorganization plan for American’s parent company, AMR Corp., recently approved by a U.S. bankruptcy judge.

Print Friendly