U.S. approves Southwest’s purchase of AirTran
27 April 2011Southwest Airlines won U.S. government approval on Tuesday buy out AirTran Holdings Inc in a deal that will add East Coast muscle to Southwest’s operations as it takes on bigger rivals.
Antitrust enforcers at the ‘Justice Department’ signed off on the $1.04 billion deal with no conditions, concluding it would not hurt competition or raise fares.
“‘The merged firm will be able to offer new service on routes that neither serves today,'” the agency said in a statement.
source: Reuters
