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4/20/09

PortFolio.com: EU Investigates Trans-Atlantic Airlines

For the complete report from Portfolio.com click on this link

EU Investigates Trans-Atlantic Airlines

While some of the world's biggest airlines are still recovering from a massive price-fixing scandal in their freight operations, they are now facing a similar probe into their passenger business.

European Commission regulators have opened an investigation into cooperation agreements struck among the biggest trans-Atlantic airlines, looking to see if the arrangements violate price-fixing laws in the European Union and the European Economic Area. The authorities are focusing on two partner programs: one embracing United Air Lines, Continental Airlines, Lufthansa, and Air Canada, and another that includes American Airlines, British Airways, and Iberia.

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