Justice approves Delta-Northwest airline merger
29 October 2008The Justice Department on Wednesday approved a much-anticipated merger between Delta and Northwest, clearing the way for creation of the world’s largest airline.
After a six-month investigation, government lawyers concluded the merger would likely drive down costs for consumers without curbing competition.
The proposed merger “‘is likely to produce substantial and credible efficiencies that will benefit U.S. consumers and is not likely to substantially lessen competition,'” the Justice Department said in a statement issued by its Antitrust Division.
source: Associated Press
