EU signs off $11bn US airline merger conditional on efforts to boost competition

The EU has approved an $11bn (£7bn) merger between US Airways and AMR Corporation (including its American Airlines subsidiary) conditional on a number of key concessions.

To avert a monopoly on the London-Philadelphia route, the commercial airliners would need to give up a daily slot pair at London Heathrow airport, the European Commission said today.

There would also have to be further actions taken to induce new entrants to the market. The companies would also have to sign special feed agreements with their new competitor.