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Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
Waiting 180 days for an antitrust trial that includes a company in bankruptcy would be unprecedented — such cases are usually heard within 70 days.
American Airlines and US Airways said on Thursday they are seeking a November 12 trial date in U.S. federal court to hear the challenge by the U.S. Justice Department to their proposed merger, which would form the world’s biggest carrier.
“We are eager to show that the (Justice Department) action would deny millions of customers access to a more competitive airline that will offer customers what they want, delivering significant benefits to consumers, communities and employees,” US Airways Chief Executive Doug Parker said in the airlines’ statement. Parker would become CEO of the merged entity.
The Justice Department filed a lawsuit last week seeking to block the merger, saying it would reduce competition and lead to higher airfares.
Reporting by Karen Jacobs in Atlanta. Editing by Steve Orlofsky
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