US transport agency green lights American Airlines Qantas joint venture
[WASHINGTON] The US Transportation Department on Monday said it has granted tentative approval to a bid by American Airlines Group Inc and Qantas Airways Ltd to operate a joint venture.
The department issued a show order tentatively approving the joint business agreement and tentatively granting antitrust immunity to the airlines covering international service.
A prior application for a joint venture covering the United States, Australia and New Zealand was rejected in November 2016 by former President Barack Obama's administration.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
New law increases control of ownership, management of critical transport firms in Singapore
Boeing cargo plane lands in Istanbul without front landing gear, no casualties
Big car COE premiums top S$105,000 as mainstream cars hover below S$95,000
Toyota sees 20% full-year profit decline after blockbuster Q4
BMW says costs, low used car prices to weigh on 2024 pre-tax profit
Global car giants seek tech allies in China’s cutthroat EV market