Tag Archives: merge

usairways

Deal reached for American, US Airways to merge

The Justice Department says it has reached an agreement to allow American Airlines and US Airways to merge, creating the world’s biggest airline.

The agreement requires the airlines to scale back the size of the merger at Washington’s Reagan National Airport and in other big cities.

In August, the government sued to block the merger, saying it would restrict competition and drive up prices for consumers on hundreds of routes around the country.

The airlines have said their deal would increase competition by creating another big competitor to United Airlines and Delta Air Lines, which grew through recent mergers.

The settlement reached Tuesday would require approval by a federal judge in Washington. It would require American and US Airways to give up takeoff and landing rights or slots at Reagan National and New York’s LaGuardia Airport and gates at airports in Boston, Chicago, Los Angeles, Dallas and Miami to low-cost carriers to offset the impact of the merger.

Attorney General Eric Holder said the agreement would ensure more competition on nonstop and connecting routes throughout the country. The department called the slot and gate divestitures at key airports “groundbreaking.”

usairways

Airports seek opportunity to support airline merger

The airports dominated by American Airlines and US Airways say they’ll be hurt if the carriers can’t merge.

The airports want to file a friend-of-the-court statement supporting the merger, which is the subject of a trial scheduled to start Nov. 25 in U.S. district court in Washington.

The request was filed Monday by Dallas-Fort Worth International Airport, Charlotte Douglas International Airport, Phoenix Sky Harbor International and Philadelphia, which operates of Philadelphia International Airport.

The U.S. Justice Department sued in August to block the merger, saying that the deal would limit competition and drive up consumer prices.

The airports said if they’re allowed to file a brief, they’ll show that blocking the merger would hurt domestic and international competition “to the detriment of the traveling public and labor, as well as to airports and their local communities.”

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Off Madison Ave, SpinSix merge

Off Madison Ave, a Phoenix-based integrated marketing communications firm, and SpinSix, one of Arizona’s leading creative marketing firms announced they have merged. Total capitalized billings of the company will be in excess of $50 million annually, supported by more than 50 staff members, making Off Madison Ave + SpinSix a drivingforce of integrated marketing in the West.

Off Madison Ave and SpinSix have worked collaboratively in the past, delivering innovative solutions for shared clients. With similar cultures and visions, each Arizona advertising agency was looking to expand offerings and was focused on aggressive growth – making this an ideal merger.

Notable details of the Off Madison Ave + SpinSix merger include:

· Agency offerings fall into complementary areas of marketing, giving the combined company and its clients a full spectrum of services andin-depth expertise.

· Given different marketing focus areas of Off Madison Ave and SpinSix, all staff will be retained.

· There are no account conflicts, allowing the service of existing clients including Arizona Office of Tourism, CVS Caremark, FileMaker, LifeLock, Nike, Spenco Medical and more.

·    The new company name will be Off Madison Ave + SpinSix. Over time, the company plans to evaluate the benefits of a combined name.

For all of its 14 years in business, Off Madison Ave has been profitable and has seen double-digit revenue growth during many years. SpinSix puts up equally impressive numbers, with 17 profitable years – every year of its operation. Both companies have evolved and have innovated to remain at the forefront of digital marketing’s best practices, paying particular attention to developing proprietary tools and technologies to plan, monitor and measure client outcomes.

Scottsdale-based CKS Advisors, LLC served as the exclusive financial advisor to Off Madison Ave and SpinSix in the transaction. The closing of the transaction builds on CKS’s reputation of working with leading advertising and digital marketing firms.