The European Commission has reportedly approved of a deal that allows airliners Deutsche Lufthansa AG and United Continental Holdings Inc. to proceed with a planned venture with Air Canada, though the deal comes with a catch. According to reports, the companies have agreed to divest a number of slots between Frankfurt and New York to appease regulators. The A++ transatlantic venture was also given the green light after the companies agreed to settle disputes with rivals concerning ticketing and connecting flights; reports say these agreements eased concerns that the joint venture between the airlines would hike ticket prices for consumers.
Full Content: Bloomberg
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