On November 12, 2013, the U.S. Department of Justice announced a proposed settlement of its challenge to the US Airways/American Airlines merger. The settlement, which requires extensive divestitures, clears the way for the carriers to close the $11 billion deal they announced on February 14, 2013. Consummation of this deal brings to a close a period of significant industry consolidation that has reduced the number of major U.S. airlines from nine to five since 2008.
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