Aviation News

July 20, 2010

Iberia, American Airlines and British Airways Receive Final Approval For Joint Venture

More articles by »
Written by: BNO News
Tags: , , , ,

Iberia, British Airways and American Airlines received on Tuesday the final governmental approval by the U.S. Department of Transportation (DOT) to create a joint transatlantic business, AMR Corp. announced.

With the approval the three airlines will receive antitrust immunity and will expand its global cooperation. Iberia and British Airways are members of the oneworld alliance; as well as Finnair and Royal Jordanian which also received antitrust immunity from the DOT.

“We are pleased that U.S. and EU regulators have approved our long-sought-after alliance proposal. By working collaboratively with our oneworld partners, we will enhance our product offerings, strengthen our route networks, and better position our airlines to compete in the ever-changing global aviation marketplace,” said Gerard Arpey, Chairman and CEO of AMR Corp., the parent of American Airlines.

This is a great day for all three airlines and the oneworld alliance. We’ve waited 14 years to bring the benefits of the trans-Atlantic joint business to our customers and level the playing field with the other two global alliances,” said British Airways Chief Executive Willie Walsh.

With this joint agreement, the three airlines will cooperate in flights among the U.S., Mexico, Canada, the European Union, Norway and Switzerland. They will also continue to operate as a single entity.

They will expand their code share arrangements on flights within and beyond the U.S. and European Union, significantly increasing the number of destinations that the airlines can offer customers.

The joint venture will strengthen competition across the Atlantic as oneworld alliance and American Airlines will be able to compete on the same level with other global alliances that already have anti-trust immunity.



About the Author

BNO News





 
 

 

The Forgotten Victims of Alaska Airlines Ending the Virgin America Brand

With so many reactions being aired following Alaska Announcing the coming end of Virgin America, who stands to suffer the most?
by Phil Derner Jr.
1

 
 

CLOSED: Winter Storm Stella Takes Aim at Northeastern US and Eastern Canada

Winter Storm Stella is taking aim at the Northeastern United States and Eastern Canada early this week. We'll have your latest updates on the storm and its impact on air travel here.
by NYCAviation Staff
0

 

 

´╗┐British Airways Announces Ft. Lauderdale As Their Newest US Destination

British Airways has announced that Fort Lauderdale-Hollywood International Airport will be their newest US destination.
by Mark Lawrence
0

 
 

West Coast Powerhouse: Alaska Airlines To Buy Virgin America

Early Monday morning, Alaska Airlines announced its intention to buy Virgin America in a cash purchase totaling $2.6 billion USD.
by Stephanie Gehman
0

 
 

ANALYSIS: Could Spirit be looking to merge with Frontier?

Following last week's abrupt departure of Spirit Airlines CEO Ben Baldanza, ZIna Aziz explores whether the airline's future could include a merger with Frontier Airlines.
by Zina Aziz
0