The European Commission staged an anti-trust probe on Friday into a deal recently struck between American Airlines, British Airways and Iberia to set prices together and share seat capacity on transatlantic flights.
"The commission has opened an own-initiative investigation under EU antitrust rules into the intended cooperation agreement between BA, Iberia and AA," said a spokesman for the commission, the executive arm of the European Union.
"It is not a merger investigation and has no specific deadline," Jonathan Todd said, adding that the investigation would be concluded as soon as possible to see if the alliance between the three airlines goes against EU competition regulations.
The airlines signed an agreement in the middle of this month to cooperate on transatlantic flights to cope with rocketing fuel prices.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article