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EU Paves Way For Trans-Atlantic Airline Alliance

European regulators have paved the way for a trans-Atlantic alliance between British Airways, American Airlines, and Iberia after the companies committed to competition safeguards.

The European Commission had opened a probe in April 2009 over concerns that an agreement to cooperate on flights between North America and Europe could harm consumers on trans-Atlantic routes.

The commission said it cooperated closely with the U.S. Department of Transportation, which is conducting its own parallel review under U.S. rules.

compiled from agency reports