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European Commission To Market-test Commitments By Transatlantic Airline Alliance
Wednesday March 10, 2010 10:55:00 EST
(RTTNews) - The European Commission has invited comments from interested airlines on commitments proposed by a transatlantic tie-up between British Airways, American Airlines and Iberia.
This was part of a probe by the European competition watchdog to address concerns that their planned alliance may harm consumers on transatlantic routes.
In September last year, the Commission had raised objections to the three airlines expressing concerns that their extensive cooperation, which involves revenue-sharing and joint management of schedules, pricing, and capacity, may be in breach of EU antitrust rules.
In a statement Wednesday, the Commission said the companies had jointly offered a set of commitments to alleviate its competition concerns.
The trio "of (continued...)
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| DOW Utilities | 377.11 | 0.70 (0.18597%) | |
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09:36:00 EST - EU To Market-test Commitments By Trans-atlantic Airline Alliance
08:29:00 EST