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United Airlines/US Airways merger: hearing before the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Sixth Congress, second session, June 21 and 22, 2000
United States. Congress. Senate
Paperback. Books LLC, Reference Series 2011-11-21.
ISBN 9781234875787
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Förlagets beskrivning
OCLC Number: 54699571 Excerpt: ... 4 trying to acquire one of its competitor's hubs? I know that is the vision of airline deregulation we all shared. Again, I want to point out Mr. Kahn's letter, where he points out the likelihood that a United-US Airways merger would result in suppression of this potential competition, would seem to be en-hanced by what I take it would be United's explanation and jus-tification, namely its need for a strong hub in the Northeast, com-mented on widely in the literature, along with attributions of a similar need to American Airlines, but if United really does feel a need for a big hub in the Northeast, this suggests that it is, indeed, an important potential competitor of US Airways, and that denied the ability to acquire the hub in the easiest noncompetitive fashion by acquisition, it might instead feel impelled to construct a hub of its own in direct competition with US Airways. I hope that all of the witnesses today will take a careful look at Professor Kahn's letter, because I think he outlines very accurately the questions that arise concerning this proposed merger. Also, we will get into exactly what the new airline out of Reagan National Airport will entail. I think a very legitimate concern is that if an airline uses the assets, the employees, and all of the other facilities of another air-line, there is a legitimate question as to whether that airline is in-deed a new airline or simply an ancillary of the existing airline. That is a legitimate question and I think one that needs to be ad-dressed, and also the knowledge and expertise of those who are running that airline, and their qualifications need to undergo ex-amination as well. Senator Hollings. STATEMENT OF HON. ERNEST F. HOLLINGS, U.S. SENATOR FROM SOUTH CAROLINA Senator H. Thank you very much, Mr. Chairman. I am OLLINGS skeptical also, and I agree the question is legitimate. I begin as a born-again regulator. We made a mistake in deregulation, and it took some
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United Airlines/US Airways merger: hearing before the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Sixth Congress, second session, June 21 and 22, 2000
Bokrecensioner » United Airlines/US Airways merger: hearing before the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Sixth Congress, second session, June 21 and 22, 2000
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