Trans-Atlantic pact between Air Canada, Lufthansa and United wins EU antitrust approval

Discussion in 'Air Canada | Aeroplan' started by tcook052, May 24, 2013.  |  Print Topic

  1. tcook052
    Original Member

    tcook052 Silver Member

    Likes Received:
    Status Points:

    Deutsche Lufthansa AG and United Continental Holdings Inc. reached a settlement with European Union antitrust regulators, ceding airport slots in Frankfurt and New York in exchange for approval of their A++ trans- Atlantic venture also involving Air Canada.

    The European Commission said that the airlines also committed to reach ticketing and flight connection agreements with competitors as part of settlement, which resolved concerns that the venture would drive up ticket costs for trans-Atlantic passengers. The decision allows the A++ venture to go ahead without the risk of EU fines.

Share This Page