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AMERICAN AIRLINES' ACQUISITION OF TWA CLEARS FEDERAL ANTITRUST REVIEW

Travel News Asia Date: 16 March 2001

 American Airlines said today it was pleased to be notified by the U.S. Department of Justice that DOJ had ended its investigation of American's planned acquisition of Trans World Airlines and will not challenge the transaction. DOJ also said it has granted early termination of the Hart-Scott-Rodino waiting period.

American's acquisition of TWA was announced on January 10, 2001 and gained U.S. Bankruptcy Court approval on March 12, 2001. It will enhance American’s overall network while delivering significant benefits to the public, thousands of employees and many communities by keeping virtually all of TWA’s people working and airplanes flying.

American expects to close the transaction next month pending the resolution of certain labor issues relating to the integration of TWA and American’s workforces.

American Airlines and its regional airline affiliate, American Eagle, together serve nearly 240 cities in 49 countries and operate approximately 4,100 daily flights. American Airlines, which traces its beginnings to 1926, today operates a fleet of 720 modern jetliners and employs more than 103,000 people worldwide. American Airlines and American Eagle are both wholly owned by AMR Corp. (NYSE: AMR)

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