Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Air France KLM, Delta, Alitalia offer concessions to settle EU probe

Published 10/21/2014, 05:49 AM
Updated 10/21/2014, 05:50 AM
© Reuters Customers wait their turn to be served in a line at the Delta airlines office in Caracas

BRUSSELS (Reuters) - Air France KLM (PA:AIRF), Delta Air Lines (N:DAL) and Alitalia have offered to give up slots at three airports and made other concessions to settle a European Union antitrust investigation, the European Commission said on Tuesday.

"The commitments are primarily aimed at enabling competing airlines to start operating or extend existing operations on the affected routes by lowering barriers to entry or expansion," the EU competition watchdog said in a statement.

The carriers are also prepared to let rivals sell tickets on their flights and facilitate their access to connecting traffic. The Commission said it would seek feedback from third parties before deciding whether to accept the concessions.

The three airlines are members of the Skyteam alliance which allow airlines to team up via code-sharing agreements to boost the number of flights they offer to certain destinations. The group competes with Oneworld and Star Alliance.

(Reporting by Foo Yun Chee; editing by Adrian Croft)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.