Wednesday, July 14, 2010

American, BA, Iberia get EU approval of joint venture

One World alliance led by British Airways and American Airlines received EU approval for their proposed joint venture, along with Iberia, allowing the creation of a routing system between the carriers. The airlines still need the U.S. Department of Transportation's approval before they can start their new services.

The three airlines are aiming to coordinate flights between the United States, Mexico, Canada, the European Union, Switzerland and Norway. All three carriers are members of the Oneworld alliance.

With the expected approval of this deal by the U.S. Department of Transportation, the stage is set for three global powerhouses that will have almost total control of vital traffic and airport slots worldwide. Star Alliance headed by United and Lufthansa, SkyTeam led by Delta, Air France,and the Oneworld alliance.

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