EU OKs Antitrust Immunity For Oneworld Airline Tie-Up

Law360, New York (July 14, 2010, 1:06 PM EDT) -- The European Commission gave British Airways PLC, American Airlines Inc. and Iberia LAE SA permission Wednesday to jointly manage some routes between the U.S. and Europe as long as the Oneworld Alliance members make landing and takeoff slots available at major airports in New York and London.

The antitrust clearance comes nearly five months after U.S. regulators tentatively signed off on the deal with similar conditions. EC Competition Commissioner Joaquin Almunia said that the commission had worked closely with the U.S. Department of Transportation in analyzing...
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