EU Says It Made Decision on United Continental-Lufthansa Pact
Stock Chart for Deutsche Lufthansa AG (LHA)
European Union regulators said they reached an unspecified decision on a proposed settlement by Deutsche Lufthansa AG (LHA) and United Continental Holdings Inc. (UAL) to end a European Union antitrust probe of their A++ trans-Atlantic venture also involving Air Canada. (AC/A)
Regulators “are in the process of establishing a version of the decision that does not contain any business secrets or other confidential information, no public version of this text is available for the time being,” the European Commission said on its website today. Officials are “trying to settle this issue as soon as possible with a view to a quick publication.”
EU regulators said in December they were seeking views from competitors and customers on a settlement offer from the airlines that would enable rivals to start as many as seven weekly flights between Frankfurt and New York’s John F. Kennedy or Newark Liberty airports. A settlement would permit the venture to go ahead without the risk of EU fines.
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