Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Ebola: Lockdown brings Sierra Leone capital to a halt

Read more

MEDIAWATCH

Sarkozy's political comeback: did he ever leave?

Read more

DEBATE

The World This Week

Read more

FRANCE IN FOCUS

Travel chaos: Air France pilots take industrial action

Read more

THE BUSINESS INTERVIEW

Christian Kastrop, Director of Policy Studies, OECD

Read more

AFRICA NEWS

Ebola: UN Security Council unanimously passes resolution

Read more

ENCORE!

Author Kiran Desai on early success and the Booker Prize

Read more

THE BUSINESS INTERVIEW

Tyler Brûlé, Founder and Editor-in-chief of Monocle

Read more

REPORTERS

From Sarajevo to Guantanamo, the journey of the Algerian Six

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)