EU Confirms Sending Antitrust Charges To Oneworld Alliance
02 October 2009 - 5:50PM
Dow Jones News
the European Commission Friday confirmed it has sent antitrust
charges to British Airways PLC (BAY.LN), the American Airlines unit
of AMR Corp. (AMR) and Spain's Iberia Lineas Aereas de Espana SA
(IBLA.MC) over their Oneworld transatlantic alliance.
The commission is concerned the companies' aim to enhance
cooperation on passenger air transport services on transatlantic
routes may constitute a cartel.
The airlines want to jointly manage schedules, capacity and
pricing, as well as share revenues on routes between North America
and Europe.
The commission already has active investigations into similar
proposed cooperation deals between four Star Alliance members,
Lufthansa (LHA.XE), Continental (CAL), United and Air Canada
(AC.A.T), and Skyteam members Air France KLM (AF.FR) and
Delta/Northwest (DAL).
-By Peppi Kiviniemi, Dow Jones Newswires; +3227411483;
peppi.kiviniemi@dowjones.com