EU Regulators Approve Transatlantic Tie-Up

Delta Air Lines, Air France and Alitalia have received European Union antitrust approval for their profit sharing pact after agreeing to help rivals establish themselves on certain routes.

Delta Air Lines, Air France and Alitalia have received European Union antitrust approval for their profit sharing pact after agreeing to help rivals establish themselves on certain routes.

The approval granted yesterday (May 12) follows a three-year investigation by the European Commission (EC), which raised concerns over the cooperation harming competition for passengers on routes to New York from Amsterdam, Rome and Paris.

As a compromise, the trio agreed to relinquish landing and take-off slots at airports in New York, Amsterdam and Rome, while also allowing rivals to offer tickets on these routes.

The concessions will be valid for 10 years, said the EC.

 

TAGS: Europe
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