Pursuits
Lufthansa-United Atlantic Venture Wins EU Antitrust Approval
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Deutsche Lufthansa AG and United Continental Holdings Inc. reached a settlement with European Union regulators, ceding sufficient slots for a single daily flight between Frankfurt and New York in exchange for approval of their A++ trans-Atlantic venture also involving Air Canada.
The European Commission said the Star Alliance members also committed to reach agreements with competitors on ticketing and flight connections, resolving concerns that the venture would drive up prices for trans-Atlantic passengers. The decision allows the A++ venture to go ahead without the risk of EU fines.