The U.S. Transportation Department is expected to provide tentative approval to ...
WASHINGTON - The U.S. Transportation Department is expected to provide tentative approval to a bid by American Airlines Group Inc and Qantas Airways Ltd to operate a joint venture, two people briefed on the matter said on Sunday.
The order, which is expected as early as Monday and would be subject to public comment, is likely to include conditions to protect competition and allow for government oversight of the venture, the sources added.The application by American and Qantas for a joint venture covering the United States, Australia and New Zealand was tentatively rejected in November 2016 by former President Barack Obama’s administration amid opposition from rival carriers Hawaiian Airlines Inc and JetBlue Airways Corp.
American and Qantas in February 2018 made a second attempt to gain U.S. regulatory permission under President Donald Trump’s administration for a venture that would let them coordinate prices and schedules, threatening to cancel services if it was rejected and arguing it could “unlock” up to $310 million annually in consumer benefits.
Qantas said last year the joint venture would allow the two airlines to “significantly improve service” and “stimulate demand”. The airlines said the agreement could generate up to 180,000 new trips between the United States and Australia and New Zealand annually. American Airlines and Qantas currently rely on codeshare agreements to make those routes economically viable. If the venture is granted final approval, the two could offer more flights, including to cities not currently served by either, they said.
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