(Reuters) -Britain’s competition regulator said on Friday five airlines, including British Airways and American Airlines, have offered commitments to resolve concerns over their agreement to cooperate on passenger routes between the UK and the U.S.
The group of airlines, which also includes Iberia, Aer Lingus and Finnair, has agreed to give their competitors’ slots for take-off and landing at London airports on routes to and from Boston, Miami and Chicago, the Competition and Markets Authority (CMA) said. The five carriers together form the Atlantic Joint Business Agreement, which allows them to coordinate their transatlantic flights and make business decisions on prices and schedules.
American Airlines and British Airways owner IAG told Reuters that the companies were cooperating with the regulator’s review.
Aer Lingus was yet to comment, while Iberia and Finnair were not immediately available for comment.
(Reporting by Aby Jose Koilparambil , Shashwat Awasthi and Yamini Kalia in Bengaluru; Editing by Shinjini Ganguli and Anil D’Silva)
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