Aerospace B2B hub clears merger hurdle

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The Independent Online

The European Commission yesterday gave the green light to plans by United Technologies and Honeywell International to set up an internet joint venture called MyAircraft.com.

The European Commission yesterday gave the green light to plans by United Technologies and Honeywell International to set up an internet joint venture called MyAircraft.com.

The service, which is the first business-to-business e-marketplace to be formally examined under the European Union's merger rules, will allow airlines and aircraft manufacturers to cut procurement costs by trading their products on the Net.

Competition experts said the decision was encouraging for other companies planning B2B joint ventures. But EU officials cautioned that each case would be judged on its merits.

There had been speculation that the deal could be blocked on anti-trust grounds. But the competition watchdog said: "MyAircraft.com is seen by third parties as a tool to make operations within the aerospace sector quicker, more efficient and less costly.... MyAircraft.com will in all likelihood face strong competition from other similar websites."

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