BA Seals $7B Deal With American Airlines, Iberia

Law360, New York (September 29, 2010, 1:01 PM EDT) -- British Airways PLC has finalized a $7 billion joint venture with American Airlines Inc. and Iberia LAE SA, after receiving the go-ahead from antitrust authorities on both sides of the pond.

The joint business will launch in October and will provide customers with greater access to discounted fares, more convenient connections and better access to the airlines' global network, British Airways said in a statement Wednesday.

“It will also enable the airlines' Oneworld Alliance to compete on an equal footing with the other main global alliances...
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