Business NEWS
British Airways may lose take-off, landing slots over its American Airlines and Iberia Lineas tie-up
By Robert J. Steiner for CEOWORLD Magazine Updated:October 26, 2009
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British Airways Plc (BAY.L) (OTC:BAIRY) said it’s ready to refute antitrust concerns about a planned alliance with AMR Corp.’s (NYSE:AMR) American Airlines and Iberia Lineas Aereas de Espana SA (IBLA.MC) raised by European Union regulators.
It looks, British Airways Plc said it’s ready to refute antitrust concerns about a planned alliance with AMR Corp.’s American Airlines and Iberia Lineas Aereas de Espana SA raised by European Union regulators.
The three airlines revealed on August 14 last year that they had signed an agreement to cooperate on flights between North America and Europe to help them to overcome soaring fuel costs and falling demand.
A British Airways spokesman said the group did not believe it needed to give up valuable take-off or landing slots.
The planned tie-up between BA, AA and Iberia deepens the trio’s OneWorld alliance by permitting co-ordinated flight schedules, co-operation on fares and marketing and shared revenues.
The airlines claim that the financial benefits of the new agreement would lead to lower fares, improved scheduling and new transatlantic services. Opponents argue that the proposed tie-up would create a monopoly at Heathrow.
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