American Airlines' One Big Survival Plan In the News
I'm shocked, shocked I tell you.
Reports tonight say American Airlines, British Airways and Spain's Iberia are "close to applying for antitrust immunity to form a joint venture that would be one of the most powerful forces in the transatlantic aviation market."
Their words, not mine.
It's about time. I was beginning to wonder if the much-anticipated long-delayed anti-trust request was going to appear or not. I mean, there are political considerations to this move. As a result, I thought we would have heard this news earlier this spring.
Guess American wanted to make sure it "explored all of its options."
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