American Airlines, British Airways and Iberia apply for antitrust immunity.
American Airlines (NYSE:AMR) has announced that it has signed a joint business agreement with British Airways (LSE:BAY.L) and Iberia (IGBM:IBLA.MC) on flights between North America and Europe.
The airlines plan to apply for antitrust immunity from the US Department of Transport today (14 August), in addition to notifying regulatory authorities within the European Union.
American Airlines, British Airways and Iberia plan to operate as individual legal entities, but cooperate commercially on services between the US, Mexico and Canada and the European Union, Switzerland and Norway, expanding their codeshare agreements.
The three airlines are all members of the oneworld alliance and other members of oneworld, Finnair and Royal Jordanian, will also be included in the application for antitrust immunity.
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|Publication:||Airline Industry Information|
|Date:||Aug 14, 2008|
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