Airways have just announce that British Airways, American Airlines and Iberia have
been granted anti-trust immunity from the US Department of Transportation to
operate transatlantic flights as a joint business.
this decision CEOs from each of the three airlines said that this announcement
would increase competition on transatlantic flights which would benefit customers
and employees of the companies.
addition Finnair and
Royal Jordanian have also received antitrust immunity from the US Department of
full media release from British Airways can be read below:
GREEN LIGHT FOR TRANSATLANTIC
British Airways, American Airlines and Iberia have received the regulatory
green light to operate a joint business on transatlantic flights. Following
European Union approval on July 14, the airlines have now been granted
anti-trust immunity from the US Department of Transportation.
British Airways chief executive, Willie Walsh,
said: “This final approval is fantastic news for
all three airlines and the oneworld alliance. We’ve waited 14 years to
bring the benefits of the transatlantic joint business to our customers and
level the playing field with the other two global alliances. As we have
argued all along, the EU-US market is highly competitive and Heathrow’s
liberalisation in 2008 opened it up even further. We are delighted that the US
and EU authorities have recognised this.
“We’re pleased that the DOT and EU have worked
together to ensure that there is consistency in the number of slots that the
three airlines have to give up for our competitors to use on services from
Heathrow to the US.”
American Airlines chief executive, Gerard Arpey,
said: “This is a great day for the customers,
employees and shareholders of American Airlines and our joint business partners
in the oneworld alliance. We thank all of the regulators who reviewed
our proposals, both here in the United States and in Europe, and all those
persons and organisations that supported us in this effort. We look forward to
delivering enhanced competition for customers on transatlantic flights. By
working collaboratively, we will enhance our product offerings, strengthen our
route networks and better position our airlines to compete in an ever-changing
global aviation marketplace.”
Iberia’s executive chairman, Antonio
Vazquez, said: “We’re delighted we
have received approval for our joint business as it will be very positive for
our employees, our shareholders and, most important of all, our customers. A
new kind of collaboration between our three airlines will lead to better
service levels for our customers. This means that our customers will have more
destinations to choose from around the world, better scheduled travel times,
better connections and more competitive fares. I am convinced that
consolidation is the best and only way to succeed in the airline industry, and
the approval we have received today to create a joint business is a very
important step towards this consolidation process.”
plan to launch the transatlantic joint business this autumn and will co-operate
commercially on flights between the EU, Switzerland and Norway and the US,
Canada and Mexico. Customers will be able to travel more easily on all three
airlines’ combined route network that will serve 433 destinations in 105
countries with 5,178 daily departures, providing more frequent and convenient
schedule options than any of the three carriers could offer individually.
By working together, the airlines will expand customer choice by
supporting routes that would not be economically viable for a single airline.
will also benefit from greater access to discounted fares, expanded
opportunities to earn and redeem frequent flyer miles and elite tier benefits
on flights and continued reciprocal airport lounge access.
Fellow oneworld members Finnair and Royal Jordanian also received
antitrust immunity from the US Department of Transportation.