Virgin chief demands talks over BA's alliance with AA and Iberia
Sunday 17 August 2008
Sir Richard Branson is demanding urgent talks with US and EU regulators to protest against BA's proposed tie-up with American Airlines and Iberia.
Virgin Atlantic, Sir Richard's airline, argued that the move was anti-competitive when it was announced last Thursday. Virgin expects to meet regulators in the next few weeks. The talks would occur before BA's chief executive, Willie Walsh, has finished filing information for "anti-trust immunity" with the US Department of Transport and the European Commission. Once this information is handed over, the tie-up in effect becomes live, giving parties a month to file submissions for or against the move.
The alliance would allow the three airlines to cooperate on issues such as ticketing, as well as share profit. Sir Richard described this as a "monster monopoly".
Mr Walsh said that this was an outdated argument, related to two attempts in 1996 and 2001 to get tie-up approval. A source said that even with approval, legal challenges and divestments of slots could take two years.
- 1 'Not suppost to cry': 9-year-old lists the worst things about being a boy
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 4 Lana Del Rey rape video: Marilyn Manson denies involvement in shocking leaked footage
- 5 Kenya bus attack: Al-Shabaab militants kill 28 non-Muslims who failed to recite Koran
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Revealed: How the world gets rich – from privatising British public services
Myleene Klass: Ed Miliband 'strikes back' by comparing UK's need for Labour's mansion tax to Hear'Say track
iJobs Money & Business
Voluntary Only - Expenses Reimbursed: Reach Volunteering: Age Concern Slough a...
Voluntary Only - Expenses Reimbursed: Reach Volunteering: Crossroads Care is s...
£20000 - £25000 per annum + OTE £35,000: SThree: We consistently strive to be ...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...