Court vetoes Air France subsidy ruling

Article Abstract:

Air France's state aid of 20 billion francs, which was approved by the European Commission in 1994, has been nullified by a European Union court. The European Court of First Instance in Luxembourg said the European Commission failed to present sufficient justification for two significant aspects of its 1994 ruling. According to the court, the commission did not provide enough justification for allowing Air France to buy 17 new aircraft for a total of 11.5 billion French francs. In addition, it did not cover the effect that the aid could have on feeder flights operated by smaller carriers into Charles de Gaulle airport and on routes outside Europe.

Comment:

Co's state aid of 20 bil francs, w/c was approved by European Commission in 1994, is nullified by European Union court

France, Receipt of funds, Air France KLM S.A.

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EU to unveil this week limits on British Air deal

Article Abstract:

British Airways and AMR Corp.'s American Airlines are expected to be required by the European Commission to meet certain conditions to gain the European Union's support for their planned partnership. Among these conditions are the reduction of the number of flights on certain trans-Atlantic routes by as much as 55%, and the unloading of almost 270 weekly landing and takeoff slots. The commission is also going to put down requirements on the carriers' use of frequent-flyer programs, computer reservations systems and agreements with travel agents to cut back on the potential for a weakening of competition.

Comment:

Co's American Airlines & British Airways are expected to be required by European Commission to meet some conditions for alliance

Strategic alliances, British Airways PLC, AMR Corp.

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EU Commission to launch investigation into proposed BP Amoco, Arco merger

Article Abstract:

BP Amoco PLC's planned purchase of Atlantic Richfield Co. (ARCO) is being investigated by the European Commission (EC). The EC began an in-depth probe into the proposed deal. The probe reflects the EC's concerns about the speed of consolidation taking place within the global oil industry. The EC is worried that the series of mergers within the oil industry will create an "oligopoly" in the area of crude-oil exploration.

Comment:

BP Amoco's planned purchase of ARCO being investigated by European Commission

Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Petroleum, Petroleum and Coal Products Manufacturing, Public affairs, Planning, Investigations, Petroleum industry, Abstract, European Union, Atlantic Richfield Co., BP PLC

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