U.S.-U.K. tiff delays hearing on British Airways-American tie

Article Abstract:

British Airways' proposed strategic alliance with American Airlines, a rival firm, is expected to be derailed by the cancellation of the scheduled hearings of the US Department of Transportation for the approval of the agreement. The postponement of the hearings was spurred by the inability of the US and UK negotiating panel to agree on key issues such as pricing, routes and other restrictions. The planned hearings are intended to explore the possibility of granting the carriers' petition to have antitrust immunity in their bid to operate effectively in the US as well as in the UK.

Comment:

Its strategic alliance w/ British Airways is set to derailed by cancellation of scheduled hearings for deal's approval

United Kingdom, Strategic alliances, British Airways PLC, American Airlines Inc., Article

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Delta sells stake in Singapore Air

Article Abstract:

Delta Air Lines has sold off its share of Singapore Airlines. Delta sold all 35.2 million shares in Singapore Airlines. The US-based carrier has owned the shares since 1989. Delta repurchased the five million share in itself that had been owned by Singapore Airlines. Delta stated that it was expecting to see a pretax gain of $140 million (133.7 million euros) from the sale of its Singapore shares.

Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Singapore, Securities issued, listed, Mergers, acquisitions and divestments, Securities, Delta Air Lines Inc., Singapore Airlines Ltd. (Singapore)

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