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Oct 29, 02, 6:42 am
EU OKs Two Trans-Atlantic Airline Alliances
...The commission approved the 'Wings alliance' between KLM Royal Dutch Airlines and Northwest Airlines Corp. (NasdaqNM:NWAC - News) . Those airlines didn't have to make any concessions.
"Airline alliances generally present benefits for consumers but regulators must ensure that they do not result in the elimination of competition on specific routes," said Mario Monti, the E.U's antitrust chief, on winding up the six-year investigation.
The commission in July said it would approve the two alliances providing that rival carriers didn't challenge its preliminary findings.
http://biz.yahoo.com/djus/021029/0714000380_1.html
...The commission approved the 'Wings alliance' between KLM Royal Dutch Airlines and Northwest Airlines Corp. (NasdaqNM:NWAC - News) . Those airlines didn't have to make any concessions.
"Airline alliances generally present benefits for consumers but regulators must ensure that they do not result in the elimination of competition on specific routes," said Mario Monti, the E.U's antitrust chief, on winding up the six-year investigation.
The commission in July said it would approve the two alliances providing that rival carriers didn't challenge its preliminary findings.
http://biz.yahoo.com/djus/021029/0714000380_1.html