Reuters
• Mike Scarcella
Reuters reports: Aerospace giant RTX’s Pratt & Whitney Canada unit is facing a $150 million U.S. lawsuit for allegedly trying to stifle competition from companies selling used engines and parts for regional commercial aircraft, freight operations and other applications.
Alaska Air Group Inc. and Hawaiian Holdings Inc. await a critical DOJ ruling by August 5 regarding their proposed collaboration, as announced in recent securities filings.
In a strategic move, Lufthansa offers concessions to address EU antitrust concerns for its planned acquisition of a minority stake in ITA Airways.
Italy's antitrust regulator launched an investigation into claims that Ryanair abused its dominance, impacting travel agencies, competitors, and passengers with potential market restrictions.
The lawsuit alleges that Pratt & Whitney Canada attempted to stifle competition from companies offering used engines and parts for regional commercial aircraft and freight operations.
Canada's Competition Bureau announces a comprehensive market study to identify and address barriers to competition within the Canadian airline sector, aiming to enhance industry regulations and policies.
Alaska Air Group Inc. and Hawaiian Holdings Inc. await a critical DOJ ruling by August 5 regarding their proposed collaboration, as announced in recent securities filings.
In a strategic move, Lufthansa offers concessions to address EU antitrust concerns for its planned acquisition of a minority stake in ITA Airways.
Italy's antitrust regulator launched an investigation into claims that Ryanair abused its dominance, impacting travel agencies, competitors, and passengers with potential market restrictions.
Spirit Airlines has struck a deal with Airbus to defer aircraft deliveries, coupled with plans to furlough 260 pilots, in a comprehensive bid to enhance liquidity amid challenging times.
Hawaiian Holdings and Alaska Air have finalized a timing agreement with the US Department of Justice, advancing their partnership deal.
Following a detailed review, the European Commission identified potential competition restrictions on key routes and markets, notably short-haul to Central Europe, long-haul to North America, Japan, and dominance at Milan Linate airport, stemming from Lufthansa's proposed stake in ITA Airways.
Following a federal court's objection, JetBlue Airways officially ends its bid to merge with Spirit Airlines, halting the major consolidation attempt.
Luis Gallego, CEO of IAG, balances optimism for the Air Europa deal against stalled investments in Aer Lingus, pending a pilot pay resolution.
The European Commission is set to express competition concerns over IAG's proposed €400 million acquisition of Air Europa, potentially demanding remedies to avoid an antitrust warning.
In compliance with the European Union's antitrust measures, Korean Air must proceed with the divestment of Asiana Airlines’ cargo section following their conditional merger approval.
