Congressman Spencer Bachus (AL-6), Chairman of the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law, issued a statement on the lawsuit filed by the Department of Justice and other entities in opposition to the proposed merger of US Airways and American Airlines.
Bachus chaired a subcommittee hearing entitled "Competition and Bankruptcy in the Airline Industry: The Proposed Merger of American Airlines and US Airways" on February 26 of this year.
Congressman Bachus' statement follows.
"It is my belief that this merger would be good for competition and airline passengers. Testimony at our hearing indicated that the combined airline would be better able to serve a market where carriers compete not only against each other, but against other transportation choices. Unions representing the employees of US Airways and American, including pilots, flight attendants, and ground workers, support the merger.
"It disturbs me that a rationale suggested by observers quoted in a Washington Post article is that the merger 'proved to be be one too many for the Obama Administration.' If anything, this merger makes more sense than earlier mergers approved by the Department of Justice. Selective enforcement is no basis for antitrust policy, and therefore I look forward to a comprehensive review of the justification for this surprising action."