EU green light for transatlantic sharing

July 15: Oneworld alliance members British Airways, American Airlines and Iberia have received final regulatory approval from the European Commission (EU) on sharing transatlantic slots to and from London’s Heathrow Airport. The airlines expect a similar decision from the US Department of Transportation (DOT) in due course.
British Airways chief executive Willie Walsh said “We await the DOT’s final decision but welcome this important and vital step forward. Between us, we have agreed to make available Heathrow slot pairs for our competitors to use on services to the US. This is a pragmatic decision so that we can get the joint business up and running as soon as possible. The slot commitments provide a further guarantee that there will be no possible loss of competition as a result of our joint business”.
BA says that the transatlantic joint business will strengthen competition by enabling the oneworld alliance to compete on a level playing field with other global alliances that already have anti-trust immunity, meaning that they are exempt from the attention of any monopolies commission.