BA To Respond To EU Concerns On Transatlantic Plan By Oct End
05 Octubre 2009 - 5:44AM
Noticias Dow Jones
British Airways PLC (BAY.LN) will respond to concerns raised by
the European Commission over its transatlantic tie-up plans by the
end of October, a spokesman for airline said Monday.
The European Commission Friday confirmed it had sent its
Statement of Objections to BA, AMR Corp's (AMR) American Airlines
and Spain's Iberia Lineas Aereas de Espana SA (IBLA.MC) over their
oneworld transatlantic alliance.
The commission is concerned the airlines' bid to increase
cooperation on transatlantic routes could restrict competition and
raise fares for consumers but BA and Iberia Friday said are keen to
address and overcome any issues raised by the commission.
Anti-trust immunity would allow the carriers to work more
closely on schedules and prices, while also sharing revenue.
The spokesman declined to comment whether it would respond to
the commission in writing or request a formal oral hearing.
Company Web site: www.britishairways.com
www.iberia.com
-By Kaveri Niththyananthan, Dow Jones Newswires; 4420 7842 9299; kaveri.niththyananthan@dowjones.com