21.07.10
British Airways and American Airlines received approval from US transport authorities yesterday to expand their transatlantic flights alliance into a full joint venture. The alliance was granted similar approval by the EU on July 13.
The airlines were cleared to establish a joint venture to set prices, sell tickets and schedule flights through their Oneworld alliance, exempt from antitrust rules, the US Department of Transport said in a statement.
The DoT said: ‘The transaction will not substantially reduce or eliminate competition,’ adding the joint venture ‘will not be adverse to the public interest.’ US regulators have ordered BA and AA that tp give up eight takeoff and landing slots at Heathrow to secure the approval.
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