Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Mashujaa day: Kenyatta and Odinga call for peace before election rerun

Read more

THE INTERVIEW

Kurdish referendum a ‘colossal mistake’, says son of late president Talabani

Read more

MEDIAWATCH

The new 30s club: NZ's Jacinda Ardern joins list of maverick leaders

Read more

THE WORLD THIS WEEK

Raqqa, Kirkuk, Xi Jinping

Read more

REPORTERS

The Dictator's Games: A rare look inside Turkmenistan

Read more

#TECH 24

Teaching maths with holograms

Read more

DOWN TO EARTH

Is China exporting its pollution?

Read more

#THE 51%

Are female empowerment adverts actually good for the cause?

Read more

FOCUS

The mixed legacy of 'Abenomics' in Japan

Read more

Business

EU regulators approve major trans-Atlantic airline alliance

Text by News Wires

Latest update : 2010-07-14

The European Union cleared the way on Wednesday for British Airways, American Airlines and Iberia to share more of their major and lucrative routes. The airlines believe it will help them cut costs.

AP - British Airways, American Airlines and Iberia have won European Union regulatory approval for plans to share more of their lucrative trans-Atlantic routes.

The companies say that will help them cut costs.

The three airlines made a legally binding promise to the European Commission that will see them give up valuable take-off and landing slots at London Heathrow.

That should allow rivals to start new routes between London and New York, Boston, Dallas and Miami.

European regulators says this offer eliminates antitrust worries that the new deal would allow the three companies control lucrative trans-Atlantic routes and hike prices.
 

Date created : 2010-07-14

  • AVIATION

    Back in profit, Ryanair announces first dividend

    Read more

  • AVIATION

    BA cabin crew begin five-day walkout

    Read more

COMMENT(S)