US transport agency green lights American Airlines Qantas joint venture
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[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
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