The parent company of American Airlines yesterday asked a bankruptcy court to approve a settlement with U.S. regulators that would allow it to merge with rival US Airways Group and create the world's largest airline, Reuters reported yesterday. Stephen Karotkin, a lawyer for AMR Corp, said that the settlement resolving the U.S. Justice Department's antitrust objections was not opposed by any of the company's creditors. The only opposition came from a group of consumers who had sued the airlines in a separate case alleging that the merger would lead to higher prices, more crowded planes and more expensive in-flight amenities. The group sought a temporary restraining order blocking the plan from going into effect.
