A judge on Wednesday approved a settlement resolving US regulators' opposition to a merger between AMR and US Airways, allowing the American Airlines parent to soon close on a tie-up that will create the world's largest carrier.Judge Sean Lane, at a hearing in US Bankruptcy Court in Manhattan, called the settlement "fair and equitable" and said it was in the "best interest" of AMR's creditors in bankruptcy.AMR said in a statement it will seek to close on the deal by December 9. However, a group of consumers that opposes the merger could delay matters by appealing Lane's approval.The US Department of Justice had challenged the merger, which was to serve as the basis for AMR's plan to exit Chapter 11 and pay back stakeholders. The DOJ's antitrust watchdog said the plan could impede competition and drive up ticket prices.
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Gravity always wins!