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EU/US: Airline divest transatlantic routes to win Air Canada joint venture

By  |  May 23, 2013

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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