AMR Corporation, the parent company of American Airlines, and US Airways have come out fighting against the US justice department following the decision to oppose the merger between the two.
The airlines confirmed they would “mount a vigorous and strong defence” of their plans.
“We believe that the DOJ is wrong in its assessment of our merger.
“Integrating the complementary networks of American and US Airways to benefit passengers is the motivation for bringing these airlines together.
“Blocking this pro-competitive merger will deny customers access to a broader airline network that gives them more choices,” read a statement from the companies.
“Further, this merger provides the best outcome for AMR’s restructuring.
“The widespread support from the employees and financial stakeholders of both airlines underscores the fact that this is the best path forward for both airlines and the customers and communities we serve.
“We will mount a vigorous defence and pursue all legal options in order to achieve this merger and deliver the benefits of the new American to our customers and communities as soon as possible.”
American Airlines is presently in Chapter 11 bankruptcy protection, with the merger seen as essential to its rehabilitation.
“The merger provides the best outcome for American’s restructuring with creditors and equity holders receiving nearly unprecedented recoveries and having approved the Plan of Reorganization overwhelmingly,” explained a statement from American.
As previously announced, the boards of directors of both AMR and US Airways approved a plan to combine to create the new American Airlines, a premier global carrier.