Business & Financial News

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  2013-05-24 02:09:00
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Lufthansa, United win EU antitrust approval

2013-05-24 02:09:00

FRANKFURT, May 24 (GCTL) - Lufthansa, United Airlines, Continental and Air Canada won approval from EU antitrust regulators on Thursday for their transatlantic tie-up after agreeing to give up airport slots in Frankfurt and New York.

The four airlines' revenue sharing, pricing and capacity pacts triggered an investigation by European Commission regulators four years ago, over concerns that these may result in higher prices for premium passengers.

The carriers offered concessions last year, including allowing competitors to sell tickets on the Frankfurt-New York route, and giving them access to their connecting traffic.

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Category : Business & Financial News   USA, EU, Elsewhere  

Tags : EU antitrust regulators, Air Canada, Continental, United, Lufthansa,

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